While the 60/40 portfolio has seen a renewed focus, allocations to private markets continue to play an important role in diversification and growth. In this episode, David Lebovitz, Global Market Strategist, talks with Michael Cembalest, Chairman of Market and Investment Strategy, about the key insights featured in his biennial review of alternative investments, It’s Mostly a Paper Moon: bit.ly/3wHd1HQ
Timestamps:
(00:00) Introduction
(00:49) Macroeconomic backdrop
(3:28) Private equity performance
(10:10) VC return assumptions
(14:59) Hedge fund portfolios
(19:35) Commercial real estate
(22:56) Infrastructure return
(25:37) Private credit opportunities
(33:54) Outro