Institutional Investor (October 14)
“After ignoring emerging markets for well over a decade, strong returns and concentration risk in U.S. markets are prompting large institutional investors to reassess the asset class. But allocators are still focused on specific countries and sectors, not emerging markets broadly.”
Tags: Allocators, Asset class, Concentration risk, Countries, Emerging markets, Focused, Ignoring, Institutional investors, Reassess, Sectors, Strong returns, U.S. markets
Institutional Investor (September 3)
“After years of low interest rates, which masked managers’ mistakes in underwriting and risk-taking, the current economic environment is exposing a huge gap in origination quality and covenant discipline among managers. But allocators aren’t panicked: More than half see the current challenges as cyclical rather than structural, with 62 percent expecting private credit to emerge stronger. In addition, 75.5 percent of allocators agree that periods of market stress are the best times to reassess managers and renegotiate terms for the future.”
Tags: Allocators, Covenant discipline, Cyclical, Economic environment, Exposing, Gap, Interest rates, Managers, Market stress, Origination quality, Private credit, Renegotiate, Risk-taking, Structural, Underwriting
