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Alternatives have traditionally been used as a diversification tool, given their low correlation to equity and bond markets. When we invest, we don't have to deploy capital suddenly. We can do the sensible thing, the right thing for our client: we can be very selective and go for value opportunities and unlock value. With Laurent Ramsey, Renaud de Planta, César Pérez Ruiz, Nicolas Campiche, Zsolt Kohalmi, Pierre-Alain Wavre and Galia Velimukhametova.