'Tail risks' are the new black swans as the next big threat to investors, PGIM says
It might have nothing to do with you now, but distant financial and geopolitical events’ cascading effects are emerging as the biggest threat to institutional risk managers.
While institutional investors may be quite aware of large and sudden “black swan” events – Covid, interest rate hikes and geopolitical turmoil – they are less ready for so-called “tail risks” that threaten market function in times of stress.
According to a PGIM survey of 400 senior investment decision-makers at institutions across Australia, China, Germany, Japan, the UK and the US, many investors are ill-prepared for risks that include a liquidity crunch in key capital markets a…
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