Media Source: Wealth Professional | June 24, 2024
Traditionally, investors have been limited to two asset classes: stocks and bonds. Yet institutional investors have access to alternatives like private equity, private real estate, private credit, and infrastructure.
“We realized a long time ago that Canadian investors, unfortunately, are limited in the way that they can invest,” says Harbourfront’s CEO, Danny Popescu, featured today in Wealth Professional Canada Magazine.
He highlights the asset mixes of notable private investors like CPP Investments, which hold a roughly 60 per cent allocation to some form of alternatives.
“When we launched our firm 10 years ago, there were probably already about 160 investment dealers, and we knew the industry didn’t need any more investment dealers. But we did this so we could bring institutional quality alternative investments to the retail space.”
Read more insights from David Kitai‘s conversation with Danny Popescu Why this CEO is still bullish on private assets | Wealth Professional