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Bailey McCann, Opalesque New York: Institutional investors are more positive about the state of the economy than much of Wall Street is, according to a new survey from placement agent Eaton Partners. 50 percent of investors surveyed say that even though the economy is showing signs of slowing down, overall metrics are still largely positive. A further 44 percent say that although there are signs of a recession on the horizon, it is still more than a year away.
Investors are also sanguine about many geopolitical concerns including Brexit and the trade war. 48 percent of investors say Brexit has had no impact on their view of investment in the UK or Europe. 69 percent of respondents say that the trade war has not impacted their investment in China.
"Our polling shows that institutional investors
are maintaining a business as usual posture,
even in the face of geopolitical headwinds and
economic uncertainty," said Peter Martenson, Partner at Eaton Partners.
At worst, investors expect that overall returns will moderate slightly this year. 73 percent of those surveyed expect to see lower returns in the second half of 2019 than they saw in the first half of the year.
Investors are beginning to look more seriously for uncorrelated sources of return, however, as part of a broader pivot toward more defensive positioning. Litigation finance and life settlements were listed as two top areas of uncorrelated return by LPs. Timberland and royalties followed c...................... To view our full article Click here
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