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'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.
'Tail risks' are the new black swans as the next big threat to investors, PGIM says

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. 

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