Will outsourcing CIOs become a trend for asset owners?

US-based firm Russell Investments says it is increasingly talking to institutional investors and sponsors in Asia about outsourcing the CIO function. Trevor Persaud, managing director for Asean and Taiwan at Russell Investments based in Singapore, says the firm is targeting mid-sized firms that are trying to stretch small teams to cover investments and all the governance duties that go with that. The answer can be to outsource the duties of a chief investment officer, he notes, …