
New York State Pension Invests Over $2.6 Billion in Alts in December
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Collaboration between the U.S., U.K. groups will focus on improving standards and professionalism in the alts industry.
Brad Lander wants the city’s pension funds to be able to invest more in alternative assets. Last year he called some of them ‘risky and speculative.’
However, Pitchbook warns that growth from alternative investments ‘could be more mirage than oasis.’
Institutional investors mostly want to direct their non-market-correlated strategies themselves, but acceptance of these retail-oriented alternatives is inching up.
But it’s still 9% behind its pre-pandemic level. Will this all translate into a rebirth for the office market?
Some 86% now invest in alternatives, says Nuveen survey.
After too many years of drag-butt performance, they’ve taken advantage of a volatile 2020.
Asset-backed securities, the runt of fixed income, boast sturdy cash flows, among other worthy attributes.
However, the way they make those deals will likely change forever.