Private markets are not only driving this ‘new age’ economy, they are also comprising a larger and larger slice of institutional investor portfolios and that is leading to some new realizations, according to Bruce Phelps, managing director and head of IAS at PGIM -- the $1 trillion investment management business of Prudential Financial.
Phelps and his colleagues within the PGIM institutional advisory unit are watching closely how investors not only measure liquidity, but how they manage risk in light of carrying more assets that they are not able to offload quickly should cash be needed to meet benefit . . .
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