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cover of episode Geopolitical Uncertainty is Freezing Private Capital | John Bowman of CAIA

Geopolitical Uncertainty is Freezing Private Capital | John Bowman of CAIA

2025/3/18
logo of podcast Monetary Matters with Jack Farley

Monetary Matters with Jack Farley

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我观察到地缘政治不确定性,特别是关税,正在严重影响资本市场。这不仅影响贸易,还会影响GDP增长和就业。长期来看,全球供应链可能分裂成两个平行的体系,这将增加成本和不确定性。 对于私募股权和私募债投资者来说,这意味着更高的风险和更低的回报。由于不确定性,有限合伙人(LPs)可能不愿进行长期投资,这将导致私募资本投资区域集中化,降低投资组合的多样性,最终损害投资回报。 私募债市场虽然快速增长,但也存在风险。许多私募债公司成立时间较短,缺乏应对经济周期的经验,这可能导致未来出现更多债务重组和违约的情况。 尽管私募股权资产管理规模有所下降,但这并不一定意味着私募股权的长期前景黯淡。这更多的是由于市场流动性不足和投资者对风险的重新评估导致的。 对冲基金作为一种多元化策略,其重要性正在提升。在市场波动性增加的情况下,能够提供绝对收益的对冲基金将更受青睐。多策略对冲基金的增长可能已经见顶,未来增长和业绩可能集中在提供绝对收益的策略上。 风险投资市场也面临挑战,资金退出困难,但仍受到投资者的青睐,投资方向主要集中在SaaS、Web3、加密货币、国防科技、半导体和人工智能等领域。

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This chapter introduces CAIA, a 24-year-old association focused on alternative investments. It explains CAIA's evolution and its mission to support investment professionals in navigating the complex investment landscape. The increasing complexity and challenges of the marketplace are highlighted as a key discussion point.
  • CAIA is a 24-year-old association.
  • It focuses on alternative investments.
  • Its mission is to support investment professionals.
  • The marketplace is increasingly complex and challenging.

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This episode is brought to you by Fintool. Learn more about how you can add AI to your investment process with Fintool: https://fintool.com/?utm_source=the_opm)

John Bowman, CEO of CAIA Association, the Association of Chartered Alternative Investment Analysts, joins Jack Farley on a special crossover episode of Monetary Matters and Other People’s Money to discuss the biggest trends in alternative investments. Bowman explains how Tariff uncertainty and other geopolitical factors might be the #1 factor that led to last year’s drop in PE assets, why he believes there is still another shoe to drop in private credit, and that hedge funds are coming back into vogue with alternatives investors.

This episode is brought to you by Fintool, a financial copilot tailored for institutional investors. Fintool leverages Large Language Models (LLMs) to discover financial insights beyond the reach of timely human analysis. From summarizing extensive annual reports to computing numbers and unearthing new insights by comparing years of filings, Fintool equips institutional investors like Janus Henderson, First Manhattan and companies like PWC. Learn more about how you can add AI to your investment process: https://fintool.com/?utm_source=the_opm)

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