Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

eVestment & Casey Quirk 2012 survey: alternatives, emerging markets debt & real estate will be this year's search leaders

Tuesday, March 20, 2012
Opalesque Industry Update: Private equity, hedge funds and real estate will drive a combined 20% of all manager search activity in the U.S., and one-fourth of all new or expanded investment mandates this year, according to the 2012 Consultant Search Forecast conducted by eVestment Alliance, a global provider of institutional investment data intelligence and analytic solutions, and Casey, Quirk & Associates, a leading management consulting firm serving the global asset management industry.

Four themes will power investor search activity in 2012, the consultant survey indicates -- generating steady income in a low interest rate environment, globalization, alternatives becoming core positions in portfolios, and the shift to liability-driven investing by corporate pension plans.

This year’s survey polled 30 investment consultants representing $9.7 trillion in assets under advisement.  In 2011, the respondents conducted nearly 5,000 searches and placed a total of $370 billion in mandates

Additional results from the 6th annual survey include:

  • High turnover anticipated for U.S. and international equity mandates and core fixed income, indicating dissatisfaction with incumbents;
  • Increased demand forecast for high yield and long-duration debt, commodities and global stocks;
  • Multi-asset class solutions are expected to represent 10% of new search activity in 2012;
  • Endowments and foundations forecast to increase use of active managers while demand grows for passive investing among pension plans; and
  • Consultants most value asset managers with traditional and alternative capabilities, ability to fully globalize portfolios, a record of product innovation in creating income and non-correlated investments, and competitive long-term incentives to attract and retain talent.

“As hedge funds continue to dominate news headlines, we are not surprised that many of the significant findings from this year’s survey were focused on alternative investments,” said Vice President of New Product Innovation Benjamin Olmstead.  “We conduct this survey each year with Casey Quirk in order to provide a window for investors to get a clear sense of what the top issues on consultants’ minds are for the year ahead. Being able to forecast the trends on the horizon is even more valuable with today’s volatility.”

“This year’s consultant survey indicates asset owners and gatekeepers are making increasing demands from asset managers,’’ said Ben Phillips, partner at Casey Quirk. “Investment managers failing to adapt to the changing investment framework will suffer from slower growth.’’

eVestment

Press Release

bm

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc