Iron Cove Partners, a US insurance brokerage specialising in the needs of the alternative asset management community, has launched a policy for hedge funds.
Brexit is causing consternation in the UK private equity real estate market. In the 12 months following the referendum, the volume of PERE deals in the UK has dropped by a third.
The secondary market for alternative assets hit a record deal volume of $22bn in the first half of the year. This is nearly double the $12bn in volume recorded in the same period last year.
Listed private equity appears to display a similar risk/reward profile as major equity indices, US real estate investment trusts (Reits) and other equity classes over the long term.
Fund level benchmarks that institutional investors have relied on to evaluate private equity managers and opportunities no longer provide a complete picture, according to Cambridge Associates.