Sat, Feb 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Institutional investors rely on 'brokers vote’ to decide which managers, advisors to hire

Thursday, July 10, 2014

Komfie Manalo, Opalesque Asia:

Institutional investors rely on the so-called "broker vote" to determine which fund managers or advisors to keep, and ultimately, how their research and advisory service dollars will be apportioned as they pare back on the list of brokers and providers.

This was the findings of data provider Greenwich Associates latest survey involving 157 institutional investors. According to the report, entitled Buy-Side Institutions Rely on Broker Vote in a Constrained Commission Environment, through the broker-vote process, portfolio managers and traders score brokers and providers on the services they provide—such as research conferences, one-on-one meetings, access to liquidity, and best algorithms.

"It is important to understand how these 'broker votes’ operate, because in the current environment, the process is emerging as a critical tool not only in helping value research advisory and trading services, but also for reconciling the different service needs of portfolio managers and traders with limited commission dollars to spend," says Greenwich Associates analyst Kevin Kozlowski.

The new report sheds light on the process used by institutional investors to determine which U.S. equity research and providers and brokers they will use and, pe......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider