Asian instos seen outsourcing further $1.2tr by 2023

Asia’s asset owners will likely outsource a further $1.2 trillion of their assets to third-party managers in the next three to five years, even as these institutional investors continue to build out their internal capabilities, according to the lead author of a new industry study. And that outsourcing will be driven mainly by rising institutional demand for specialist skills in alternative assets and more sophisticated forms of investing, McKinsey and Co's Anu Sahai told AsianInve…