Private Markets Lose Luster Amidst Rising Rates
Originally Published 2 years ago — by The Wall Street Journal
Public pension and investment funds are considering shifting assets from private market investments to publicly traded debt due to the highest yields in over a decade. This marks a reversal of a multidecade trend of shrinking fixed-income portfolios, with California State Teachers’ Retirement System investment chief Christopher Ailman predicting a shift of 2% to 5% of assets into publicly traded debt.