A public-only 60/40 portfolio may no longer achieve evolved wealth retention and creation goals – performance and loss may be better controlled by focusing on diversifying risk. In place of the traditional, moderate, public-only portfolio, a new approach to asset allocation is needed to create long-term wealth for clients in today’s markets – focusing on risk-adjusted returns with up to 50% of portfolios allocated to private markets asset classes. It’s time to emphasise the integration of private markets into portfolios to enhance performance and manage risk mo...