What

It's a tough time being advisor albeit wholesale or retail. Volatility rules equity and now to a surprising degree bond markets - likely to do so throughout 2026. Mergers and acquisitions amongst fund houses and platforms to capture that all important critical mass as fees shrink, expenses rise and traditional business models get hammered. Downside being SHRINKING HOMES for investor assets. Client demanded reweighting of portfolios into non-US assets and ANYTHING BUT TECH as USD and US economy falters is doable but challenging. The move up the alternative asset risk curve to private equity and credit in pursuit of enriched total returns can challenge the traditionally educated and experienced. Managing a private equity fund takes wit and the dexterity of a smart CFO/ Finance Director -  contrary skills to those in existence at a contemporary investment management firm. "Sharpe" (excuse pun) valuation insights are essential evidenced by struggling PE exit routes when this is not present.