RT Journal Article
SR Electronic
T1 Private Lending as a Source of Fixed-Income Yields
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 33
OP 44
DO 10.3905/jwm.2017.20.3.033
VO 20
IS 3
A1 Daniel Ziggel
A1 Christian Armbruester
A1 Josua Gösmann
A1 Tom Tardif
YR 2017
UL https://pm-research.com/content/20/3/33.abstract
AB This study proposes an alternative solution for generating consistent yields in a world of low interest rates. The authors describe their experiences as they navigated the various available investment strategies in search of low-risk returns previously provided by banks and the public fixed-income markets. Having identified the private lending market as a source of consistent income, the authors explore different types of inherent investment strategies. They explain how they screen and choose strategies for potential inclusion in their investable universe by laying out their due diligence process. Finally, they outline their portfolio construction and optimization methodology and present the results from their investment into the strategy.TOPICS: Fixed income and structured finance, real assets/alternative investments/private equity, portfolio construction, risk management