J.P. Morgan Asset Management (JPM), which manages a $146‑billion alternatives platform, has released its second annual Global Alternatives Outlook. The report considers the overall state of the economy; the process of allocating to alternative investments; and the outlook for a range of available alternative investments, including hedge funds, private equity, private credit, infrastructure, real estate and transport. This article presents the key takeaways from the report. See our coverage of JPM’s 2019 institutional investor survey: “Drivers of Hedge Fund Allocations and Fee Pressures” (May 16, 2019), and “Non‑Traditional Alternative Investment Vehicles and Due Diligence” (May 23, 2019).