Private banks seeking liquid alternatives need to be wary of potentially overloading portfolios with directional exposure, especially when considering the common existing holdings of Asian HNWIs. According to Jonathan Xiong, Goldman Sachs Asset Management’s (GSAM) head of fixed income alternatives group and co-portfolio manager of its strategic global macro bond portfolio, many fund houses are often built for long-only purposes…
Asian HNWIs need to be wary of onboarding more directional exposure, says GSAM
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