Distress opportunities could open up in the months ahead as inflation, rate hikes and geopolitical disturbances – above all, the war in Ukraine – create more economic uncertainty.
Portfolios with valuations pegged to September 30 no longer reflect market dynamics, including public market volatility, plunging tech valuations and geopolitical turmoil sparked by Russia’s invasion of Ukraine.
The Center will provide the industry with unbiased, actionable data and insight for decision-makers seeking to improve retirement plans and outcomes for retirement savers.
The Russian crisis is providing fund managers with another test of their liquidity limits. With Moscow’s bourse frozen, firms including JPMorgan and Amundi have suspended redemptions from funds worth more than $4 billion. It’s another reminder of the fragility of asset managers’ promise that customers can withdraw cash whenever they want.