
Asset Allocation
Stagflation Fears Have Pensions, Sovereign Wealth Funds Eyeing Alts
Facing an economic slowdown and higher inflation, institutional investors are turning to real estate, infrastructure.
It’s not pretty: History shows that this bad combo pares equities’ median returns by 2%, Goldman says.
Investors could see either a 1970s-style double-digit ripsnorter, a return to a more normal level, or something in between.