PGIM's Michelle Teng on the art of managing liquidity risk with private assets on the rise

In episode 122, Investment Magazine's Amanda White speaks with Michelle Teng, vice president of PGIM's Institutional Advisory & Solutions group.

Show Notes

Private assets are appealing for their attractive risk-return properties and diversification potential not available to investors limited to public markets, but as demand rises for private assets in the search for alpha, liquidity risk has become a growing concern for investors Michelle Teng, vice president of PGIM's Institutional Advisory & Solutions group explains in an interview with Amanda White. Teng argues that funds can closely manage volatility risk in their portfolios and survive periods of short-term volatility, but sustained liquid asset drawdowns are a greater concern and can cause lasting damage to portfolios. 

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