If managers want to reinforce their long-term investor bona fides they should adopt appropriate time horizons for investments they make, disclose more about asset holding duration, and reconsider paying themselves based on short-term results. Only then will the interests of asset owners and the managers they employ be truly aligned.
Pictet private debt head Andreas Klein says “mainstream” private credit investments have run their course as buyout activity decreases and global regulators up their oversight. Instead, investors should consider “micro-niches”, but he warns these emerging corners of the market come with hidden and unique risks.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
Top1000funds.com is read by investment professionals in more than 40 countries.
