Private Equity returns have exceeded public market equity returns over a long horizon. Are large capital inflows, fee compression, historically low interest rates, and high valuations going to challenge the opportunity in private equity going forward? What techniques or factors are being developed to preserve private equity outperformance?
Alternative Strategies for Global Investing
Investing in global markets, particularly emerging markets, typically requires substantial expertise and infrastructure investment (e.g. “boots on the ground,” deep access to research and due diligence, sophisticated regulatory and legal expertise, etc.). What are the unique issues around global alternative investing across geographies, fund categories and/or direct investments and where are the best opportunities for outsized returns?
Significant volatility in commodity markets, and energy in particular, have created winners and losers. New investment in hydrocarbons has fallen off sharply. Longer-term opportunities in new technologies are likely to also be disrupted with a prolonged period of low oil and natural gas prices. What opportunities exist in traditional and new technologies (e.g., clean-tech) to invest at attractive rates of return?
Where are we in the credit cycle for the U.S., other developed economics and emerging markets? What credit strategies are likely to perform best? Within the energy sector, where are we in the credit cycle? What are likely to be new opportunities and effective strategies to capitalize on dislocation over the near-to-immediate term?
As a broad asset class, hedge fund relative returns have moderated in the last decade. This trend has made identifying the top performing managers and strategies all the more important. Join a panel of experts as they discuss approaches for selecting the types of strategies expected to do well over the next several years. We will also explore strategies for developing the next generation of successful managers.
How was the pace of technological innovation impacted the venture capital and seed capital investing environment? Do you expect the trends to continue over the long-term? How can investors best position themselves to take advantage of and avoid the risks of the rapidly changing early-stage investing landscape?
Portfolio Downside Protection and Tail Risk Strategies
Institutions have continued to look for ways to diversify portfolio risks after severe valuation declines during the financial crisis. Conventional diversification via high-quality fixed income may impact returns and traditional portfolio insurance via options strategies can be costly. How do various alternative strategies provide high-assurance downside protection and how might traditional fixed income strategies by enhanced to provide more attractive returns without substantially increasing risk?
New Frontiers in Real Estate Investing
As traditional RMBS and CMBS markets have rebounded since the financial crisis, financial innovation across new product categories has been prolific. New investment vehicles such as securitized products for single-family rental (SFR), agency credit risk transfer (CRT), and specialized investment funds and REITS (e.g. student accommodations) offer investors a variety of ways to capitalize on macro and discrete market trends. How important are these for investors seeking exposure to real assets and what other investment vehicles are on the horizon?