Alternative assets are very different to traditional investment markets in two important ways:Private equity, opportunistic property and infrastructure, are not “marked to market”. This means that they are not valued on a daily basis, whereas companies listed on a share market are.

Alternative assets are typically not listed on an exchange like listed equities. As such, they are usually less liquid and tend to be less well researched than traditional listed assets, and therefore represent an opportunity for investment managers to identify different sources of return.