Asia instos the likeliest to fire managers on Covid fallout

Institutional investors the world over have taken a big hit from the coronavirus pandemic, but those in Asia Pacific are the most likely to respond to portfolio losses by axing external managers and/or altering their long-term asset allocations. Fully 60% of Asia Pacific investors are already firing or are likely to fire managers largely as a result of their 2020 performance, according to a global survey of 368 asset owners conducted last month by consultancy Bfinance*. The figure…