Editor’s note: Today, CIO is releasing the names of  Innovation Awards Finalists, and will continue over the next three days. We canvassed the industry for months to find those to be learned from, those who made great strides during the pandemic, and those managers who bolstered portfolio returns for one of the most historic years on record. Our Dec 7 gala will be a true day of celebration.  

Shifts in market structure since the global financial crisis have led to changes in the behavior of credit spreads, which may provide opportunities for active managers. 

Their overseas exposure is expanding, while US funds stay mostly at home.