Institutional investors are increasingly weighing a total portfolio approach as traditional boundaries between public and private markets continue to erode.
Falling investment barriers are driving that debate, with portfolio silos breaking down and investors reassessing how to allocate capital across asset classes as a single pool.
Large pension funds remain anchored by core real estate, which the report says can provide recession protection even as broader portfolio construction becomes more flexible.
The shift points to a wider rethink in institutional investing, where integrated portfolio management is gaining ground over asset-class-by-asset-class decision making.
As pension funds shift to private assets, are they de-risking for a recession or just hiding volatility in opaque markets?
Can AI models truly solve the data challenges of private markets, or will they create a false sense of security for investors?
Will institutional money in 'refuge' housing markets create long-term stability or fuel a new affordability crisis for residents?