Global alternative investments are likely to see strong growth over the next five years, according to a report from McKinsey & Co.
The giant consulting firm expects alternatives to grow to $14.7 trillion, or 15 percent of all global assets under management, in that time. Alt assets hit a global record high of $7.2 trillion last year.
Ultimately, alternatives will account for 40 percent of industry revenues by 2020, compared to 33 percent last year, McKinsey predicts.
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