In terms of how private markets exposure works inside a client’s overall portfolio, Ben Sayer, alternative investments group head at MAI Capital Management, said the alts can be separated into three categories. Depending on a client’s risk and return profile, Sayer said MAI might employ an income and low-volatility growth alternative strategy as an extension of a fixed-income portfolio. Growth alternatives can be used to enhance equity exposure, and real assets can be used as an inflation hedge, Sayer expla ...