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Alternative assets are in short supply.
They should look for alternative assets.
Alternative assets may not really be that alternative after all.
"Servicing alternative assets remains a strategic focus for State Street".
Blackstone was the world's largest manager of these alternative assets, with $88 billion.
They duly piled into "alternative assets" like hedge funds and private equity.
When a portfolio starts adding alternative assets, the complexity only climbs from there.
They are reallocating assets from public markets to "alternative assets", including private equity.
It also wants more forays into private equity.As things stand, however, pension funds are shunning alternative assets.
To avoid them, savers have overpaid for alternative assets such as property, contributing to China's worrying speculative bubble.
As a result South Korean pensioners' money is increasingly finding its way into international equities and alternative assets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com