Global alternative investments are likely to see strong growth over the next five years, according to a report from McKinsey & Co.
The giant consulting firm expects alternatives to grow to $14.7 trillion, or 15 percent of all global assets under management, in that time. Alt assets hit a global record high of $7.2 trillion last year.
Ultimately, alternatives will account for 40 percent of industry revenues by 2020, compared to 33 percent last year, McKinsey predicts.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
