Alternative Investment Opportunities Through a Slowing Economy

DANI EL O’DONNELL Global Head, Alternative Investments JEFFREY LOCKE Global Head, Private Equity and Real Estate Research and Management MICHAEL STEIN Global Head, Hedge Fund Research and Management STEFAN BACKHUS, CFA Head, Alternatives Strategy MICHAEL YANNELL, CFA Head, Hedge Fund Research CONTENTS OVERVIEW 3 How much shouldqualified investors allocate to alternatives? The state of the alternativesmarket BONDS AREBACK AGAIN 10 A SEQUENCE OF EQUITYOPPORTUNITIES 14 Positioningformarketdislocations Activemanagement to seek out quality andvalue involatile times UNSTOPPABLETRENDSARE CHANGING THE WORLD 21 Digitization Energy security G2 – The riseof Asia WHAT TO DO NOW 27 AREAS OF FOCUS 28 CITI GLOBAL WEALTH INVESTMENTS ALTERNATIVES TEAM 31 GLOSSARY 32