Accessing alternative income
The importance of origination, relative value and good governance in illiquid markets
Stretched valuations in the bond market have led investors in recent years to veer towards less liquid assets with commensurate risk. Whilst this has led to opportunity, it has also created a crowded marketplace with many sizeable buyers chasing a limited investable universe. To maximise the much sought after illiquidity premium, insurers need to know that they are accessing the right assets with the right characteristics at the right time.
To help investors execute effectively, this session will focus on three key areas:
- Origination - why scale and experience matter
- Relative value – why the ability to move across multiple sectors as market conditions change is optimal
- Governance - why developing an effective governance structure will give you a competitive advantage when trying to access the best asset
Speaker: John Dewey, Head of Investment Strategy, Global Investment Solutions, AVIVA INVESTORS
