Iowa Public Employees'​ Retirement System’s Post

Here's What the Future of Investing Looks Like

Investing's new world order. Apollo Global Management, Inc. CEO Marc Rowan's talk at the Norges Bank Investment Management Investor Conference a few weeks ago highlights that investors must play a different game going forward. The game on the field has undeniably changed. The playbook that has worked in the past will very likely not work in the future. A fresh game plan for a new world order in investing is required. The question is how will allocators adapt. A lot is at stake. Allocators’ answer to investing in this new world is crucially important — helping investors save for retirement is an increasingly acute challenge, yet one that is critically important. Public markets alone may not be able to secure investors’ futures. That’s why Marc’s questions are so important for us as an investment community to be thinking about and devising answers. Some quotes from Marc's talk really resonated so I dove into them further on Alt Goes Mainstream in this past week's newsletter: “Don’t be defensive; be curious” “The past 40 years have been a period of tailwinds for financial markets” “Is there any value to track record over the last 10 years?” “Are public markets liquid?” “Investors who have looked to private markets for rate of return will now look to private markets for diversification” “I grew up thinking public is safe, private is risky” Marc is effectively asking the question: “How do we have success as investors when a series of things no longer exist?” This thought experiment is one of the most important questions those in private markets on both sides of the GP / LP table can answer. The new financial market structure that Marc details could very well be the most significant shift in our lifetimes for the next era of investing. No longer is it just about proponents of private markets wanting alts to become more mainstream. Alts might have to go mainstream to provide many investors with both returns and diversification in a new world order. https://lnkd.in/eGK_3EZ6

As access becomes table stakes in private markets for the wealth channel, what will be the differentiator? This week there was big news in the wealth management space. $156B AUM Hightower Advisors acquired a majority stake in $1.7T AUA investment consultant and OCIO NEPC, LLC. Why would Hightower Advisors make such a bold move? As the wealth channel becomes an increasingly prominent LP in private markets and the wealth management landscape continues to undergo a period of consolidation by bigger platforms, wealth management firms will need to have both the resources and differentiation to serve clients in private markets. As we are witnessing a convergence of public and private, are we witnessing a convergence of the institutional and wealth channels? Read this week's Alt Goes Mainstream AGM Alts Weekly to connect dots between a number of converging trends at the intersection of private markets and wealth management. This week's AGM Alts Weekly, brought to you by 73 Strings, covers: 🗂️ AGM Index, an index that tracks the leading publicly traded alternative asset managers. 💻 Post of the Week, with Pitcairn's MD, Alternative Investments Robert Mileff, CAIA, on using the terminology "retail" for the wealth channel. 🗞️ AGM News of the Week, this week covering: 📌 Financial Times' George Hammond on General Catalyst's $8B fundraise and what it means for the future of venture. 📌 Financial Times' Harriet Agnew & Costas Mourselas on $69.5B AUM Millennium's possible new fund launch centralizing around private credit. 💻 Who is hiring: Senior-level positions from companies Blackstone, Apollo Global Management, Inc., iCapital, KKR, StepStone Private Wealth, Blue Owl Capital, Ultimus Fund Solutions, The Carlyle Group, Capricorn Investment Group, bunch, Hightower Advisors. Subscribe👇 to see the latest trends & navigate this rapidly changing landscape as alts go mainstream. https://lnkd.in/ejiiPk9K

The changing nature of volatility in financial markets and a more client-centric approach that allows allocations to be tailored is helping more institutions adopt a total portfolio approach to investment management, the Fiduciary Investors Symposium at Stanford University has heard. #totalportfolio #investment #FiduciaryInvestorsSymposium https://lnkd.in/g7aTp5vd

Happy #FundingFriday! 📈 Did you know? Private market investments have outperformed their public counterparts by 12.4%! The opportunity within the private markets has become more accessible than ever. Our latest blog post explores the unique advantages of private market investments and really breaks down the difference between a private and public portfolio, highlighting the importance of balance. Whether you're a seasoned investor or just getting started, our guide to mastering the markets can help you develop your investing strategy and shape your investment philosophy. Read more @ https://lnkd.in/gEWBm-qq

Meet the Manager: Christopher Chen of American Century Investments: In the latest Meet the Manager profile, Money Management speaks with Christopher Chen, senior investment director, Asia-Pacific, at American Century Investments. https://bit.ly/43TzVbC

Meet the Manager: Christopher Chen of American Century Investments: In the latest Meet the Manager profile, Money Management speaks with Christopher Chen, senior investment director, Asia-Pacific, at American Century Investments. https://bit.ly/43TzVbC

Our Chief Investment Officer, Neil Gilfedder, CFA, recently spoke to RIA Channel and RIA Database about EFE's investment approach, our use of ETFs and how we help move our clients' financial lives forward. ▶️ Watch the video to learn more: https://ow.ly/AMSu50UviqI #FromHereForward

At St. James's Place, we will first get to know you, your goals, and your preferences before recommending a suitable investment approach based on our broad range of options for your portfolio.   Whether it's a passive or an active approach or a combination of carefully balancing both, you have the confidence to know that your portfolio is structured to help you reach your financial goals. In the modern investment world, you can indeed enjoy the best of both worlds.    Read more about the features of each, and everything in between in this article: https://lnkd.in/ggcr3jUA.   #SJPAsia #Investment #Active #Passive

Amid market uncertainties, Our Chief Investment Officer Bevan Blair (Dr) draws valuable lessons from history, suggesting that future downturns may mirror 2018 more closely than 2022. Bevan’s perspective reflects the importance of examining defensive fund credentials and adapting strategies to shifting market dynamics.   Click on the link below to access the full article on Trustnet