Is It a Black and White, or a Defensive Mindset?

PI Group's Adam Lay says currency hedging is likely to be more of a consideration for GPs and LP's in the coming years. He adds that investors are retreating home, not just because of geopolitical risks, but because they don't want to play in the currency space. Longer term, all these things are going to settle like when they do settle and the interest rate picture becomes more clear,. There are going to be opportunities," he said.