Enterprising Investor
Practical analysis for investment professionals

Alternative Investments


Frankenstein’s Index Fund

How over-diversification and redundant active management created a monstrous inefficiency in US public pension investing—at taxpayers’ expense.

Private Markets, Public Promise: Africa’s Investment Inflection Point

For global investors, the signal is clear: Africa’s moment is here. The only question is, will you be part of building it?

Mind the Inflation Gap: Hedging with Real Assets

Timely insights on portfolio risk, inflation hedging, and market cycles—grounded in financial history and written for investment decision-makers.

Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning

Explore red flags in private markets as speculative excess, retail marketing, and valuation risks mount. Lessons from financial history.

Singapore Floats Retail Access to Private Markets: Next Frontier for Asset Managers?

Singapore’s proposal to democratize private markets signals a shift in retail investing—raising opportunities and risks for investors, managers, and regulators.

Search Funds: A Strategic Investment in Underserved Markets

Search funds stand out as a valuable alternative asset class, offering diversification, alpha potential, and operational upside in underserved markets.

Private Credit’s Surge Has Investors Excited and Regulators Concerned

Private credit's accelerated growth raises critical questions about liquidity, transparency, and systemic risk.

Women in Alts: Leading with Inspiration, Intuition, and Impact

Women investors are redefining alternatives with bold leadership, values-driven decisions, and long-term impact.

Private Equity at a Crossroads: A Conversation with Ludovic Phalippou

Oxford professor Ludovic Phalippou challenges the private equity status quo in a candid discussion on performance, transparency, and the future of the industry.

Rethinking the Institutional Mandate: A Compilation from Enterprising Investor
By

Here's a curated look at where institutional investing is under strain—and where forward-looking strategies offer paths to improve performance, oversight, and alignment.