Niche to Necessity: The Rise Of Private Market Investments In Institutional Asset Allocation

What if I offered you an investment that could return 30 times your initial investment in just one month? That’s an annualized return of 36,000%!1 Sounds too good to be true. How about an investment that would result in the loss of 75% of your initial investment in a single year?2 Nobody would take that offer. These are outrageous scenarios based on the performance of two publicly traded stocks in 2021, GameStop (GME) and Rivian Automotive (RIVN). While these two stocks do not describe the entire publicly traded market, their stories provide insight into the workings of public equity markets today.