When private equity would be laughed out of the boardroom

The theory behind the movement towards private markets is that there is an ‘illiquidity premium’ to be earned by owning assets that are locked up for longer, boosting the returns of the investors relative to those who own assets that are freely traded on the open market. But there are some strong investment opportunities available in public markets, especially for value investors, Redwheel's Value & Income writes. Read more.