In this episode, we dive into alternative assets. Alternatives have seen incredible growth in the last decade, and have provided new strategies for investing in public and private markets, as well as better ways to generate alpha, income and diversification in traditional stock and bond portfolios. There are many kinds of alternative assets, and all have specific benefits and risks that require investors to understand each of them individually. Alternatives have also become much more accessible, and the growth of their overall asset size increasingly means that all investors-regardless of whether they’re actually invested or not-need to know what is happening in alternative markets.
For this conversation, Dr. David Kelly is joined by Anton Pil, Global Head of Alternatives, who has led the impressive growth of the alternatives platform at J.P. Morgan Asset Management.
Timestamps:
(00:00) Intro
(1:55) Scope of the business
(2:38) Hedge funds
(4:33) Private equity
(6:27) Private credit
(9:51) Real estate
(13:40) Inflation pressures in real estate portfolios
(15:58) Real assets outside of commercial assets
(18:59) Growth in the use of Alternatives
(20:55) Investment implications