Alternative investments to grab up to 40 pct of revenues by 2020: Reuters
Consulting firm McKinsey & Co says that hedge funds, private equity funds and other alternative investments will command up to 40 percent of the asset management industry's global revenues by 2020 as investors seek them for safety and consistent returns, Reuters reported. Alternative assets hit a record high of US$7.2 trillion in 2013 and currently generate nearly 30 percent of the asset management industry's revenues.
6 August 2014•2 mins read
