'Fishy' returns in private markets.
The Blind Squirrel's Monday Morning Notes, October 23rd, 2023.
Apparently private asset markets offer superior returns without that annoying thing called volatility. The 🐿️ is not a ‘buyer’ of this particular fairy tale. My ‘new friend’ Cliff Asness agrees.
Historically, betting against the ‘Big PE’ juggernaut has not made a great deal of sense (or made any money!). Is now any different? This week we make the case for a new Acorn in the private asset sector.
This week’s Acorn review covers #Offshore VAL 0.00%↑ RIG 0.00%↑ TDW 0.00%↑ #Energy BNO 0.00%↑ #AgCommodities DBA 0.00%↑ WEAT 0.00%↑ CORN 0.00%↑ #FCOJ DASH 0.00%↑ GS 0.00%↑ #Mercedes COIN 0.00%↑ and #uranium
The audio companion to this week’s note will be uploaded to Substack on Tuesday to allow me to incorporate comments and feedback from this note. It will also be available as a podcast on Apple, Spotify and the other major podcast apps.