KKR with an asset allocation piece that examines this potential low return environment, and surprise, believes private equity is the solution….
Quote then download…
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“In particular, the value of a 200-500 basis point illiquidity premium — in a world where the absolute return for stocks and bonds is less than six percent and four percent, respectively — is as high as it has been in decades, we believe.”
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Download PDF
Rethinking Asset Allocation
Website
https://www.kkr.com
Good investing,
Meb Faber
theideafarm.com