Alpha Generation Through Alternatives

Can risk-adjusted returns still be generated in private markets?

After decades of liquidity being pumped into public markets, alternatives have become the last frontier for alpha hunters. However, not all parts of the alternatives universe are attractive to investors. Even among the more established areas, such as private equity, the returns have at times been questionable. Below you can find a collection of some of the latest pieces on hedge funds, private credit, and other alternative assets and strategies.

Private Credit & Private Equity: Decision Drivers for Today’s Markets (Nuveen)

The private capital industry has seen a surge in popularity among institutional investors over the last few decades. Will this trend continue?

Hedge Fund Strategy Outlook (Man Group)

Not all hedge fund strategies are doing well in the current environment. Allocators need to pick the correct ones for their portfolio goals.

Hedge Fund Industry Performance Deep Dive – H1 2023 (Aurum)

Hedge funds assets have grown by $35.3 billion since the end of 2022, standing now at just over $2.9 trillion. As the industry grows, does the source of alpha diminish?

Waiting For The Storm: Private Credit Mid-Year Outlook (LGIM)

For compliance reasons, this paper is NOT accessible in the United States and Canada

Looking ahead, credit risk will become a more dominant driver as investors renew their focus on fundamentals, so asset selection will be critical.

Private Capital Insights (Latham & Watkins)

This report provides an in-depth overview of the global private capital market, including the underlying trends supporting it.

Private Debt Yield Decomposition (StepStone Group)

Where can investors find the right opportunities in the increasingly diverse private credit market?

Private Markets Growth In The Insurance Industry (State Street)

The insurance industry is turning towards private markets to source returns to match the risk profile of its investing needs.

The State of U.S. Early-Stage Venture & Startups: 2Q23 (AngelList)

After limping along for the better part of 9 months, early-stage venture capital performance hit a new low in 2Q23.

Insights into Private Markets (IPM) – Edition July 2023 (UBS AM)

The recent data shows that investors are preferring to pay higher prices for assets with a strong outlook.