Reuters reports that fund managers have begun increasing investments in private assets in search for yield. The investments include direct ownership of oil wells and music royalties, for example. According to the article, managers are turning to these assets as traditional dividend yielding assets have gotten more expensive. While funds have invested in private assets in the past in the hopes of benefitting from IPOs, the article states that investing in private assets for yield is a new strategy. The investments include direct ownership of oil wells and music royalties. According to one Fidelity portfolio manager, “We're finding that by being more creative in private investments, we can find better economics," adding that his fund has been investing in oil wells with yields that can touch 13 percent.