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How Are Banks and Institutions Managing Their Capital?
At the end of September, there had only been 158 IPOs in the US this year. That's a 78% drop from last year. How are banks and institutions managing their capital? Well, according to a recent McKinsey study, major institutions typically have 30 to 50% of their portfolios in alternative assets. And I've also put a little bit of capital dipping my toe here into blue chip art.