Author of Never Bullshit the Client| richardmennis.com
Building out alternative investment portfolios has occupied the main stage of institutional asset management for a quarter of a century. Real estate, venture capital, private equity, and hedge funds were the early attractions. Private credit, infrastructure, and energy investments caught on more rec| richardmennis.com
“Have Alternative Investments Helped or Hurt?” (Ennis 2023b) examined the impact of alternative investments (“alts”) on the performance of US public-sector pension funds. That paper revealed that, since the Global Financial Crisis of 2008 (GFC), public funds realized a negati| richardmennis.com