Hodes Weill finds institutions look to existing managers amid Covid-19 dislocation

Travel restrictions and lockdowns mean that a high percentage of institutional investors are opting to re-up with existing managers

Lockdowns and travel restrictions are having an unexpected effect on institutional investor activity: many are opting to re-up with existing managers because of the dificulty of conducting due diligence on new strategies and relationships, according to a new report from Hodes Weill & Associates.

Of the more than 100 global institutional investors surveyed for the report, 46% said they’ll prioritize re- ups with existing managers over the near-term. Additionally, only 17% of respondents said they are willing to consider investing with new managers and another 18% say they’re on hold when it comes to establishing new relationships.

Read the full press release here.