“Should this start to take hold, there needs to be either a licensing, a seal of approval or some level of higher oversight so people don’t find that they are investing in something that really isn’t suitable for their stage of life,” he says.
‘Rational’ Investors
For both institutions and individuals looking for benchmark-beating returns, the world of alternative investing remains alluring.
“We are reaching a point when institutions are basically saying, why shouldn’t we allocate more money to an area with more return?” Blackstone’s Schwarzman told the audience at a Morgan Stanley conference in June. “And the answer is: Any rational person would.”