Fabio Osta, managing director at BlackRock, said at the IPEM Global conference in Paris that the traditional 60/40 equities-bonds portfolio is losing relevance due to the rise of private markets. He now recommends a 50/30/20 split between equities, bonds, and private markets. Global alternative assets under management are expected to grow from $20 trillion to $30 trillion by 2030. Artificial intelligence, described as a once-in-a-lifetime opportunity, has evolved into a macro theme driving appetite from institutional investors and high-net-worth individuals for alternative assets.
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