Headwinds for traditional assets may be tailwinds for hedge fund and private investment strategies. That’s a common thread running through our 2023 alternative investment outlook. Members of our iStrat Team consider the role that macro, long/short equity, and relative-value strategies, among others, can play amid higher volatility, inflation, and interest rates. And members of our private investment teams address the attractive valuation environment for private equities and the downside-mitigation potential of private credit. Finally, our ESG for Private Investments Team highlights topics that should be top of mind for private companies, including climate change, data privacy, and shareholder rights.