PRIVATE EQUITY

The dominant alternative asset in the west remains private corporate debt, but one area of particular growth is Private Equity

The Cult Of Alternatives Replaces The Cult Of the Equity

Mark Tinker Chief Economist at AXA IM Framlington Equities in Asia reminds us in one of his last notes of the stark contrast between the institutional investor in the west and the emerging retail and wholesale investors in the east. Western pension funds have long since abandoned the cult of the equity, the dominant alternative asset remains is  Private Equity. The industry overall took in a record $453bn last year.