I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I must admit I baulk at such an idea and find myself asking whether the convergence of liquid and illiquid alternatives is a desirable end and, if so, whose interests might best be served by an erosion of the distinction.
I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I must admit I baulk at such an idea and find myself asking whether the convergence of liquid and illiquid alternatives is a desirable end and, if so, whose interests might best be served by an erosion of the distinction.
NEWSLETTER
Like this article?
SIGN UP NOW
PGIM’s Stephen Oxley asks whether the convergence of liquid and illiquid alternatives really is in the best interests of investors?
I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I must admit I baulk at such an idea and find myself asking whether the convergence of liquid and illiquid alternatives is a desirable end and, if so, whose interests might best be served by an erosion of the distinction.
I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I must admit I baulk at such an idea and find myself asking whether the convergence of liquid and illiquid alternatives is a desirable end and, if so, whose interests might best be served by an erosion of the distinction.
Read the full story at Hedgeweek…
Like this article? Sign up to our free newsletter
FEATURED
CVC ups Recordati take-private offer to €10.5bn after shareholder pushback
Alternative Views with Pantheon’s Charlotte Morris
McKesson and CD&R close in on $5bn-plus acquisition of Option Care Health
PE’s $10bn India hospital push faces growing affordability backlash
Monzo turns to PE after Nubank ends takeover talks
Nuclear power, and recommissioning
MOST RECENT
Dilemmas and Dichotomies: Private markets approaches to AI implementation
ION reassures creditors it will avoid aggressive tactics on $11bn debt
CVC ups Recordati take-private offer to €10.5bn after shareholder pushback
KKR to acquire Gen II Fund Services for $5.1bn from Hg and General Atlantic
Japan’s private credit market grows slowly as global exposure raises risks
FURTHER READING
Apollo eyes bigger role in government financing
Waymo expands private debt raise to $5bn to fund robotaxi growth
AustralianSuper targets India and Japan as PE allocation increases
Alternative Views with Pantheon’s Charlotte Morris
Partners Group PE trust set for wind-down after investor vote