Mitchell Tanzman, Co-Head – Wealth Solutions at Macquarie Asset Management joins Keith Black, Managing Director of RIA Channel to discuss the evolution of alternative investing as well as key considerations and opportunities for advisors.
In recent years, investor demand and product structure innovations have led to increased private market access for advisors and their clients. Macquarie, well-known by institutional investors as one of the largest public and private infrastructure managers in the world, has been on the forefront of this trend, dedicating considerable resources to expanding high-net-worth access to institutional-quality alternative investments.
Macquarie’s recent acquisition of the Central Park Group, an independent investment advisory firm that specializes in institutional-quality alternative investment strategies for high-net-worth investors, highlights the firm’s mission of delivering more access to a wider range of alternative strategies. Tanzman, who founded the Central Park Group and now Co-Heads the Wealth Solutions group at Macquarie, has spent decades pioneering the democratization of institutional-quality hedge fund and private equity offerings.
“The right structure with the right manager, ends up being a great experience for clients,” says Tanzman on integrating private strategies into client portfolios. For advisors new to alternative investing, “education is key,” says Tanzman, who suggests a diversified fund of fund approach as a great onramp into private investing.
The Sharpe Advisor, launched by Macquarie last year, offers a practical private markets guide of how-tos, the 101s of private markets, and a library of advisor centric resources and tools.
To learn more, head here.
Investing involves risk, including the possible loss of principal.
Past performance does not guarantee future results.
There is no guarantee that investment objectives will be achieved.
Diversification neither guarantees a gain nor protects against a loss.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
Investors must have the financial ability, sophistication/experience, and willingness to bear the risks of an investment in private market securities. Such securities may be available only to qualified, sophisticated investors, may have liquidity constraints, and may not be suitable for all investors.
Private market investments may entail a high degree of risk and investment results may vary substantially on a monthly, quarterly, or annual basis. Among many risk factors, some are particularly notable. These include, without limitation, the general economic environment, the health of the housing market, employment levels, the availability of financing, the quality of servicing the assets backing the securities, the seniority and credit enhancement levels for structured securities, government actions or initiatives, and the impact of legal and regulatory developments. Additionally, private market strategies may represent speculative investments and an investor could lose all or a substantial portion of his/her investment.
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