Since the introduction of the 60/40 portfolio, established by Harry Markowicz back in the 1950s, individual investor portfolios have largely been defined by some combination of stocks, bonds and other liquid assets. However, during the down market in 2022 many started to rethink this framework and consider the question, how much liquidity do I actually need in my portfolio?
We address this question and more in Ares’ latest Private Market Insights newsletter, The Cost of Liquidity: https://lnkd.in/eSKX4Fjn
