Richard Lowe reviews the state of the market and uses insights from EDHECinfra research.
Research released at the beginning of the year by EDHECinfra suggests that assets might not be so expensive or over-valued, but rather have got where they are today through a slow “price discovery”. Pricing has “remained rational and informed”, the report concludes. “The fact that prices have increased a lot over the past decade cannot simply be attributed to a ‘wall of cash’ effect in a market where many participants were chasing few available opportunities.
Read the article here.