MacNicol’s The Alternative Quarterly Commentary- January 2020

During the fourth quarter of 2019 the Alternative Asset Trust was predominantly flat. Hedge funds were higher in the fourth quarter as losses in emerging market debt turned the corner and began moving higher later in the year. Private equity was higher in the quarter and – throughout the year – as digital banking, digital CRM systems and robotics offset weakness in digital currencies and agricultural technologies. Real estate, though choppier than usual, ended the quarter high.


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