Investors raise focus on liquidity management

If investors needed reminding how hard it is to trade bonds these days, the global debt sell-off sparked by Donald Trump's US election win has provided a timely reminder.  Indeed, institutional investors in the Asia-Pacific region believe lower market liquidity is a secular shift necessitating a new investment approach, finds a research report that was written and sponsored by the Alternative Investment Management Association (Aima) and State Street. The report covered 150 institu…