Money Talks: Barbarians at the crossroads

<p>Low interest rates and <a href="https://www.economist.com/special-report/2022/02/23/regulators-have-private-markets-in-their-sights?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">barely-there regulation</a> have made the past decade <a href="https://www.economist.com/special-report/2022/02/23/private-markets-have-grown-exponentially?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">a golden age</a> for private financial markets. Once a niche pursuit, the industry is supersizing and adopting myriad new strategies to profit from different types of assets—and <a href="https://www.economist.com/special-report/2022/02/23/investors-rely-more-and-more-on-higher-returns-from-private-markets?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">attract new investors</a>. As alternative assets <a href="https://www.economist.com/special-report/2022/02/23/alternative-fund-managers-are-increasingly-mainstream?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">enter the mainstream</a>, <em>The Economist</em>’s Matthew Valencia and host Alice Fulwood ask how long the private-markets party <a href="https://www.economist.com/special-report/2022/02/23/private-markets-are-less-rewarding-than-they-used-to-be?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" r