José Luis Molina’s interview on the current situation in private markets
José Luis Molina’s interview on the current situation in private markets AltamarCAM’s CEO José Luis Molina discussed the current situation in private markets at the SuperReturn International last June, including how the current macro situation could affect private markets. José Luis argued that these are times for investors to be cautious and patient because of […]
Venture Capital as an Access Class
Venture Capital as an Access Class Returns for 60/40 long-only strategies are driven primarily by the asset class itself not by the performance of top managers. Unlike 60/40 strategies, returns for investors in private assets are critically determined by access to the best managers. The average dispersion from median to top manager has been 3.3% […]
Portfolios of Funds –Homemade or Outsourced?
Portfolios of Funds – Homemade or Outsourced? Investors in private assets need to be mindful about costs, extensive diversification, and manager proliferation. Hiring myriad managers does not ensure they will be winners collectively. To the contrary, the law of averages works against investors. For the vintages 2007 – 2016, funds of funds delivered a Sharpe […]
