A Great Lakes pension plan has been scheduled to review a short-duration high-yield fixed-income manager search at an investment committee meeting scheduled for next week.
Many foundations and endowments are adapting their investment portfolios with the expectation that the global recession caused by the COVID-19 pandemic will be as bad as the one following the Global Financial Crisis, according to a recent survey.
Institutional investors are eyeing distressed debt and opportunistic credit as key sources for investment opportunities as the global market grapples with a health crisis that has impacted every corner of the business world, leaving many companies in need of refinancing existing debt, restructuring or taking on new lines of credit to keep their lights on.