Beverly Chandler, Opalesque London for New Managers:
Vantage Point, the third party fund placement group, has reported on key trends in fundraising during the second and third quarters of 2013.
The group found that the rise in the US equity markets coupled with the Fed’s
continued easing has pushed many investors, unable to find
suitable yield, to shift their focus away from the credit
markets and into equity strategies. They write: "One exception to this has
been the interest in specialist credit managers such as
European Distressed. In 2011 & 2012, some of the most
desired strategies were Structured and Distressed Credit.
Now, many of those same investors have filled these buckets
with high performing funds and have spent much of 2013
looking for L/S Equity funds. Going into 2014, we have
seen an uptick in interest for International Equity and
European Equity managers."
The firm has seen an increase in appetite for
higher beta strategies including L/S Equity and Event
Driven. "Interest in these funds has very much
mimicked the overall performance of the equity
markets. We expect allocations to this space to
continue through the end of the year into 2014" they write.
During Q2 and Q3, the firm has also witnessed an increase in appetite for specialized investment strategies. "Certain investors
have filled their main portfolio buckets and have looked to managers focused on niche strategies to round out