Renewables, direct lending and volatility: Managers reveal top alternatives picks

Fund managers reveal to Investment Week the tailwinds behind their favourite alternative investments.

James de Bunsen, multi-manager, Henderson GI  Private equity trusts Listed private equity funds remain good value and the larger trusts still trade on discounts of 10% to 25%, despite in some cases generating double-digit annualised returns for over 25 years. General partners are reporting uplifts to carrying value of 20% to 25% on disposals, implying that actual discounts are wider than reported.  The nuance, however, is the most attractive trusts are those skewed towards older vintages, which are selling their assets in this environment of high public market valuations and manic...