Manulife asks for clear exit plans from GPs while adding private investments

Manulife’s investment head in Hong Kong stressed the importance of a clear exit plan in the private market in order to keep liquidity risks at bay, all while the firm continues to add positions in alternative assets. “The public asset would provide most of the liquidity needed for the business. On the other hand, the alternative asset can be used for diversification,” said Timothy Yiu, head of investment management at Manulife (International). Yiu heads up the general account in…