Sun, Jul 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

0.3% of mutual funds generated 100% of net flows for Q1

Monday, May 23, 2011
Opalesque Industry Update - In Q1/2011, according to a new research report by Strategic Insight, 0.3% of mutual funds around the world gathered over 100% of net flows for the quarter, totaling $210 billion in net cash contributions. This confirms a trend towards “blockbuster products and an accelerating winner-takes-all phenomenon in the global asset management industry since the financial crisis”, according to Daniel Enskat, Head of Global Consulting for Strategic Insight.

“In 2010, global net cash flows to long-term funds reached $850 billion. Of that total, a remarkable 95% of flows went to only 0.5% of products in the market, as asset holders around the world are reducing the number of managers they work with. In Q1/2011, the number was even higher: 0.3% of all products globally, i.e. 200 long-term funds, took in over 100% of flows, totaling $210 billion in net cash flows through March 2011,” added Enskat.

“Global financial institutions and distributors since the financial crisis in a back-to-basics environment are selecting fewer strategic partners and even fewer products. This mostly benefits large independent fund houses and, increasingly, selected investment boutiques.”

The report, ‘David and Goliath in the Global Asset Management Industry’, features case studies from the fastest growing boutiques around the world, e.g. Carmignac or Bluebay in Europe, Value Partners or Huashang in Asia, or Double Line or Pacific Heights in the US.

“Remarkably, the success stories are across asset classes, investment styles and categories”, added Enskat. “In addition to clear fund positioning/investment process and competitive performance – which a number of fund managers can demonstrate –, blockbuster firms in almost all cases have highly visible fund managers, outstanding marketing and proactive communication.”

For more information on this report, please visit: release Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe