Wed, Mar 4, 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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie