All into Account: Cross Asset Strategy - Catching up with Alternative Investment Outlook & Strategy team

Helped by resilient fundraising and smoother valuations, the reported AUM of the universe of Alternative Investments (AI) likely ended 2022 only modestly lower from 2021 despite last year’s correction in asset prices. While the valuation gap between private and public markets remains, the gap has narrowed significantly in recent months reducing a previous headwind for private assets. New loans in the private credit market are being originated at much wider spreads, around 200bp wide of public market pricing. We thus upgrade private credit to overweight within alternatives along with hedge funds. We downgrade digital assets given the drying up of crypto VC funding.

Speakers:

Thomas Salopek, Global Cross Asset Strategy

Nikolaos Panigirtzoglou – Global Markets Strategy

Nelson Jantzen - US High Yield & Leveraged Loan Strategy

Mika Inkinen - Global Markets Strategy

Federico Manicardi - Cross-Asset Fundamental Strategy

Nishant Poddar – Global Markets Strategy

This podcast was recorded on date.

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