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FundFire: Consultants Shift Asset Recommendations to Succeed in Late Cycle

April 22, 2019

Investment consultants are recommending asset owners look to new sources of alpha as the economy has settled into a “late cycle” phase and recession lurks around the corner. For NEPC, that means being leery of fixed income, considering cash and “pockets of opportunity” in private debt, while realizing U.S. equities might be just as good as European ones.

“We’re in the late cycle where we see volatility both up and down increase,” says Christopher Levell, a partner at NEPC. In that period, “when something has a run, it’s a good time to harvest those gains and bounce back,” he adds.

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Topics: Press, Press Coverage

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