Public pensions: The shift into private markets

Brian McMahon, BNY Mellon’s senior alternative investment services business development executive in Luxembourg, joins OMFIF Economist Pierre Ortlieb to discuss the shifting nature of public pensions, their changing asset allocations and potential of private markets. The broad-based ‘retailisation’ of private asset classes remains a firm, albeit elusive, goal. The returns they promise are appealing to pension investors across the globe, but costs and valuation issues, among other things, remain significant obstacles.

 

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