Be wary of managing private debt: HSBC Insurance

Private debt is a growing area of investment for insurers, but they should perhaps avoid managing such a complex asset class in-house, argues James Hughes, group chief investment officer at HSBC Insurance. He was speaking at AsianInvestor’s inaugural Insurance Investment Summit in Hong Kong last week, on a panel on how to structure internal teams, and whether and how to outsource investments. “One area where regulators would may be incredibly concerned is if insurers suddenly be…