PRIVATE equity and other such illiquid investments are typically the preserve of the wealthy and sophisticated. But veteran fund manager Gerard Lee, chief executive of Lion Global Investors, believes such assets could help retail investors generate consistent, above-market returns - or alpha - over the long term. Says Mr Lee: "Most individuals invest in public markets - bonds and equities. Unfortunately the rate of returns from bonds is at a secular low. In Singapore, the clipping of coupons used to get you 4 to 5 per cent. Now it's 0 to 2 per cent.
"Institutional investors over the years have made a lot more money from private equity and real estate. Now, for retirees who are more sophisticated...
Keyword added to your list