Al and biotech combos, small caps, and the tyranny of public markets

Over the last twenty years, active managers have lost business worth trillions to passive funds, after charging clients high fees for returns below the index

Wary of volatile stock markets and the fees required to access them,  investors are continuing to switch out of equities to put money behind the unlisted private assets

Family offices are raising their game in buying and selling stakes in private equity transactions on secondary markets