US institutional investors make quick flight to safety
31 July 2020 - 12:00 am UTC
US institutional investors such as CalSTRS and TRS were raising their GP concentration limits even before the lockdown made meeting new managers difficult. But warmer relationships year-on-year with the same fund managers can bring risks and legacy portfolio issues for LPs, reports Yuanqing Sun
US institutional investors have been consolidating manager relationships long before the coronavirus pandemic in an effort to strengthen relationships and cut investment costs.