I want to once again thank the folks from Preqin for providing the following chart:
I’m not surprised by these results, but the responses may be quite premature. How many plan sponsors and consultants have seen performance results for the first quarter? Do they truly know how private investments in both equity and fixed income have been impacted by the closing of the US economy? I’ve seen reports guesstimating that the average private equity fund could be down substantially. It is one thing to claim that your ship is steady as it goes, but the tsunami may truly alter your course!
As we will be discussing on the Opal/Ryan ALM webinar today, there is a way to enhance the cash flow necessary to meet current benefit payments, while extending the investing horizon for all of this private investment. We are happy to share those details.