Should advisers now be actively considering private markets?

In our recently released white paper written in collaboration with M&G, we explored how the traditional definition of multi-asset investing is being challenged by changing correlations, increasing market concentration and heightened volatility. One of the key themes was that the typical equity/bond approach may no longer provide the level of diversification we assume. Since its publication, one of the most common questions has been: What does this mean in practice? Should advisers now be actively considering private markets as part of core portfolio construction, rather than viewing them...