Capital Markets Will Open Up Post Labor Day: Jefferies

With value investors struggling to find opportunities among traditional assets, alternative asset management may be a good place to look for deals. Most liquid strategies have had solid fee performance and there has been an uptick in both private equity and real estate transactions recently, both of which will drive greater distributions over the next two quarters, according to Jefferies equity analyst Daniel Fannon.

“Unlike in previous periods where investors had to wait until fourth quarter earnings to receive distributions, this dynamic has been pulled forward as realization activity has...