In today’s volatile market environment, many institutional investors find themselves facing concentrated credit exposure and outdated portfolio structures. With rising uncertainty and shifting macroeconomic conditions, investors need to modernize fixed income allocations to enhance portfolio durability and long-term resilience. Mark Dowding, BlueBay Chief Investment Officer at RBC GAM, joined Pensions & Investments for a webinar on June 25 discussing the changing market landscape, the opportunities and risk this presents and the evolving role of alternative credit in institutional portfolios in this environment. Key Themes Navigating Uncertainty in Market Conditions: Macroeconomic uncertainty, geopolitical risks, and unpredictable economic cycles pose challenges, emphasizing the need for strategic investment decisions. Modernizing Credit Allocation and Portfolio Diversification: Incorporating alternative investment strategies such as emerging market illiquid credit and European special situations may reduce concentrated credit exposure and improve portfolio resilience. Customization and Client-Centric Investment Solutions: Investors should look to managers that cater to bespoke client needs, offer tailored investment strategies, and address unique challenges faced by different allocator segments, including public pensions, endowments, and corporate pensions.