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Lower mid-market Italian private equity house Bravo Invest has reached a €226m first and final close for its third fund - double the size of its predecessor vehicle.
The post Italy's Bravo Invest doubles previous fund size with €226m Fund III close appeared first on AltAssets Private Equity News.
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RBC Capital's head of U.S. equity strategy, Lori Calvasina, expects the tug-of-war with value stocks and the broader market on one side and Big Tech on the other to continue in 2026.
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Mid-market investor Unigestion Private Equity has hit a €1.7bn hard cap final close for its sixth flagship secondaries fund.
The post Unigestion scores big fund size increase with latest secondaries fund through €1.7bn hard cap close appeared first on AltAssets Private Equity News.
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Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the S&P 500 is down about 20% so far this year.
The financial industry has a name for this scenario: sequence of return risk. "It matters most at retirement when you're selling assets for income," says Wade Pfau, a professor of retirement income at The American College of Financial Services in King of Prussia, Pa. "You need to sell a larger number of shares to get the same amount of money. Those shares are then gone so even if the market bounces back, your portfolio won't recover as much."
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The newly retired are particularly vulnerable because they're "relying on this pot of money to finance the next 20 to 30 years of their life," says Amit Sinha, head of multi-asset design at Voya Investment Management in New York City.
Sequence of return risk is less of a concern for someone further along in retirement because retirees typically shift to safer, more conservative investments and have fewer years to pay for. Plus, these investors may have benefited from portfolios boosted by strong returns early in retirement.
Similarly, if retirement is a decade or more away, what happens to markets today is mostly irrelevant. "You just allow the compounding to work for you and recover over those years," says Sinha.
Someone retiring now, of course, doesn't have that luxury. If this describes you, there are several things you can do to minimize the damage, but first, assess what it's likely to mean for your portfolio long term.
Depending on how you react now, t
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T. Rowe Price asset allocator and fund manager Charles Shriver also likes emerging market stocks and debt, but is wary of energy shares
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