Broker-dealers sell record $10.5 billion in alts in January
Investors' demand for alternative investments such as nontraded REITs and business development companies at the start of 2022 is a harbinger for sales over the remainder of the year.
As the broad stock market stumbled in January, investors ran to alternative investments, buying a record amount — $10.5 billion — of nontraded real estate investment trusts, business development companies and other illiquid assets, according to investment bank Robert A. Stanger & Co. Inc.
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