| The alternative investment industry, which includes hedge funds, private equity and real assets, is expected to grow fivefold to at least $13.6 trillion (£8.65 trillion) in the next half decade, professional services firm PwC said in a report released on Sunday.
Fuelled largely by demand by sovereign funds, public pension funds and newly wealthy individual investors for steady and strong investment returns, the alternatives industry is poised for booming growth, PwC consultants wrote. "Alternative asset management will undergo a transformation in the years to 2020 and beyond as it adjusts to a new operating and economic environment and moves toward centre stage," PwC wrote...............................................Full Article: Source |