The View From Apollo
Can Alternatives Replace Public Equity?
Aug 1, 2023
Listen to Matt O'Mara and Keith Black discuss the concept of public equity replacement. They explore the reasons why investors should consider alternatives, the benefits of a portfolio of private assets, and the performance of an equity replacement portfolio. They also discuss the importance of liquidity in investments and the challenges faced by smaller investors. The speakers share personal experiences and give recommendations on artistic endeavors and upcoming events.
21:48
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Quick takeaways
- Public equities historically provide high returns, liquidity, and diversification, but changes in public equity markets have highlighted their vulnerabilities.
- By replacing some public equity allocations with private equity, private debt, and real assets, investors can potentially achieve returns on par with or exceeding those of public stocks while reducing volatility and gaining access to a wider investment universe.
Deep dives
The Role of Public Equities
Investors allocate a portion of their portfolio to public equities for high returns, liquidity, and diversification. Public equities historically provide higher returns compared to bonds, are easily accessible and traded, and offer less correlation with other asset classes, contributing to portfolio diversification.
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