Institutional Excellence Awards: proficiency winners

M&G's Apac institutional head exits firm; State Street and BNP Paribas Securities Services appoint new regional heads; Janus Henderson adds new Asia team heads; Benjamin Deng takes on new roles in IAMAC; a new Abu Dhabi fund house targets east Asia; 'Jack' Bogle passes away and more.

The leveraged loans market is a growing cause of concern, says Paul Carrett, and rising rates will prompt investors to become more selective about credit in general.

The increase in exposure will mainly be driven by heavier co-investments in the region and by adding more country-focused managers.

Five industry specialists give their take on the outlook for private equity, private debt, infrastructure and hedge funds for the next 12 months.