Mon, Dec 22, 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und