Fri, Aug 26, 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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new