FYI: Institutional investors are going to have a difficult time hitting their return bogeys in the years ahead.
Stock market valuations are well above long-term averages while interest rates are well below what fixed income investors are used to. This will make it exceedingly difficult for pensions to close their funding gaps or endowments and foundations to keep up with their 5% spending targets on top of inflation.
One way these funds are trying to remedy this situation is by investing heavily in private assets.
Regards,
Ted
http://awealthofcommonsense.com/2018/06/does-private-equity-deserve-more-scrutiny/
