Andrew Serwer

Alternative Investments

Andrew Whitaker, Josh Harris, Vinay Choudhary, Julia Lawler, Andrew Serwer, Eric Schmidt, Brevin Howard, Arvind

Leading alternative investment managers Josh Harris, Wilbur Ross, and Vinay Choudhary detail a strategic market pivot driven by the unattractiveness of traditional fixed income and the need to escape equity volatility, with private equity demonstrating a historical 26% net return against the S&P 500's 9%. Panelists identify specific high-yield opportunities in energy, distressed European banking, and marine transport while warning of an impending credit cycle caused by a massive debt bubble and a $500 billion annual refinancing wall between 2018 and 2020. This consensus positions institutional capital toward direct co-investments and value creation in distressed assets as the Federal Reserve prepares to normalize rates and end quantitative easing.