Alt Goes Mainstream

🎥 MSCI's Luke Flemmer - "Bringing Clarity to Investment Decisions"

In this episode, Luke Flemmer, head of private assets at MSCI, explains how standardizing and normalizing data can unlock transparency, price formation, and liquidity in private markets, drawing parallels to past evolutions in bonds, FX, and equities. He argues that disjointed data hampers efficiency, and that a harmonized data layer is essential for scaling the market, while acknowledging the trade‑off between information asymmetry and broader participation. Flemmer also discusses the impact of increased transparency on private‑market returns, noting that while alpha may tighten, durable sources such as managerial skill and illiquidity premiums will persist. Finally, he explores how emerging index creation and secondary‑market tools can further integrate private assets with public benchmarks.