Private Bets Shield World’s Largest Investors From Market Mayhem
- Mega-funds double alternative holdings since financial crisis
- Infrastructure, global macro outperform as stocks, bonds drop
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A shift toward private markets is cushioning many of the world’s largest investors from the wreckage wrought by runaway inflation and spiraling interest rates.
The big question now looming over giants from China’s $1.2 trillion sovereign wealth fund to California’s public pension, the largest in the US, is how long those private bets will remain insulated as the economic outlook darkens.