July 2022
Portfolios of Funds – Homemade or Outsourced? Investors in private assets need to be mindful about costs, extensive diversification, and manager proliferation. Hiring myriad managers does not ensure they will be winners collectively. To the contrary, the law of averages works against investors. For the vintages 2007 – 2016, funds of funds delivered a Sharpe […]
June 2022
Private debt in rising inflation and interest rate cycles Across most developed and emerging economies, inflation has surged well above central bank targets. In the last twelve months to May, consumer prices rose to 8.6%, 8.1% and 9.1% in the US, the EU and the UK[1]. There is a growing concern that inflation may become […]
