Vendredi 29 août 2025 12:00 - 14:00
Carmignac - Liquid Alternatives : the right asset class for alpha generation
After a dreadful 2022, when balanced portfolios recorded the worst returns since 2008, the prospects for the traditional 60/40 portfolio appear bleak. The 40/30/30 portfolio (public traded stocks, bonds, and alternative assets) is gaining traction amongst institutions to allow for true diversification and a higher degree of inflation protection. In this 30% Alternative pocket, the Alternative UCITS allocation is playing an important role given its liquidity (daily), transparency and the recent good returns of the asset class. We tend to believe that the most beneficial strategies will be the Equity Long/Short strategies as the high dispersion creates many opportunities to deliver alpha through security selection, Global Macro (given the sharp increase in “Macro Events”) and potentially Event-Driven if Corporate Events announcement accelerates.
