Opinion: Asset owners face new dilemma with alternatives

In the past few years, many asset owners across Asia have been talking about adding allocation to alternative assets, with the challenges being how to find a good manager or deal in a crowded market. Right now, the true test for some has become how to divest instead. The rout in the public markets this year has triggered a denominator effect in their portfolios, leading to private assets taking up a much larger share of the whole. For sophisticated asset owners with a strategic …