Investment consultants have played a significant role in the recent push into private markets, according to Bloomberg. This push has directed trillions of dollars from public pension funds into private equity, real estate and hedge funds.
This shift can be credited to the push to achieve higher returns in alternatives, encouraged by consultants who saw the value in this market. The outcome of this shift has allowed alternative investments to account for more than 30 percent of current total investments.
In the past, alternatives weren’t seen as a core portfolio asset but instead an extra return. Now, alternatives have become a mainstream form of allocation and are expected to reach $29 trillion by 2029.
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