Thu, Jul 30, 2015
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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner