As long as the benign investment environment continues, with passive investing on the rise and the economy still growing, it pays to look in less traveled corners, said Marc Lasry, who runs the $9.8 billion Avenue Capital. “Right now, what the investing world offers you is niches.”
Brad Alford, who runs Alpha Capital Management in Atlanta, helps institutions find investment consultants, and the poor performance of hedge funds has created a boon for him. "I'm working with several large institutions who want to change their consultants because they are very unhappy that so much of their money has been directed to hedge funds," he said. "Now they want to double down on private equity and private debt."
This article was provided by Bloomberg News.