The spread of the novel coronavirus (Covid-19) has dominated headlines, and while questions about the ultimate scope and severity of the outbreak remain, the asset management industry will clearly be impacted. What are the conversations that managers and investors should have within their own organizations, and with their partners and suppliers? What can all firms in our industry do to safeguard their employees and their businesses?
1. Protect the Team
2. Ensure Appropriate Policies are in Place
3. Consider Travel Restrictions
4. Make Sure Virtual Communications are Working
While the above might appear common sense, it is worth ensuring that, from a governance and HR perspective, businesses follow these standard practices. Investors will focus on the policies in place within their own organizations and may also discuss steps put in place by their asset managers.
Above all, though, coronavirus is not a time for "gotcha" ODD. Rather, this is a time when everyone in the asset management community can collaborate to share ideas and best practices. Working together, we can help protect our colleagues and their families, and support our businesses across the industry.
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