INSTITUTIONS HAVEN’T EVEN SCRATCHED THE SURFACE

From my vantage point, I do not think institutions are here in size at all. The definition of institution can vary quite a bit. I think when I think of institution, I think of the large pension plans, the large endowments, insurance companies, sovereign wealth funds, and there some of those flows have have started for sure.I think when a lot of other people talk about institutions, they talk about hedge funds, corporates. So the type of institution that I have spent my career with mostly they haven't even s ...