The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
The US state's biggest retirement fund has nearly trebled its target allocation to private credit and is adding private equity and real assets too. It is also eyeing other ways to boost returns.
As they plan for an uncertain and low-rate investment future, asset owners will likely insource more of their investing, add internal expertise and seek to improve their governance.
In a video interview, Peter Ryan-Kane, head of portfolio advisory for Asia Pacific at Towers Watson, talks about institutions' outsourcing needs and what keeps him awake at night.