Tue, Aug 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

eVestment and Casey Quirk survey: investment manager turnover, search activity will climb in 2010 in North America

Friday, February 26, 2010
Opalesque Industry Update – US, Canadian consultants forecast over $420B to change hands, 13% above 2009 level, according to survey by eVestment Alliance and Casey, Quirk & Associates.

Investment managers with strong capabilities in developed and emerging markets stocks, global equities, hedge funds and fund of hedge funds are in most demand this year from retirement plans, endowments, foundations and other large investors, according to the 2010 Consultant Search Forecast.

The survey polled 70 leading investment consulting firms in the U.S. and Canada responsible for almost US$7 trillion in assets under advisement.

Consultants responding to this year’s survey, the fourth annual poll conducted jointly by eVestment Alliance (eVestment), an influential provider of investment information and analytic technology, and Casey, Quirk & Associates, a leading management consulting firm serving the global asset management industry, also predict increased focus from their clients on inflation-protected strategies in 2010.

In 2009, consultants placed approximately $378 billion with investment managers on behalf of their clients, according to the survey. Strategies that were most in demand in 2009 from U.S. and Canadian institutional investors were international and global equities, domestic stocks, and core/core-plus fixed income.

This year, four key themes are expected to drive manager search activity:

• Fears about inflation, which are prompting investors to consider new asset classes.

• Concerns over pension liabilities hiking interest in liability-driven investment strategies.

• A need to shore up funding gaps, which is reviving appetite for hedge funds.

• A continued, rising demand for non-US securities.

“As many in the institutional investment industry are expressing a sigh of relief after a turbulent 2009, eVestment is pleased to work with Casey Quirk to present the latest results to our consultant survey, which reflects the beginning of a post-crisis thaw in strategy-driven search activity,” said eVestment Principal and Founder Heath Wilson. “We hope that the new search expectations provide a clearer picture on the challenges investment consultants will confront the next few years and the areas on which they and their clients will focus for solutions.”

“Another key finding in this year’s consultant survey is the apparent dissatisfaction with incumbent managers, as manager replacements dominated search activity particularly in traditional asset classes,” said Yariv Itah, Partner at Casey Quirk. “That will increase pressure on investment management organizations to think strategically about their strengths and weaknesses and to effectively manage their consultant and client relationships.”


Named the “Most Influential Database” in November 2009, eVestment Alliance (eVestment) is an innovative, Web-based provider of comprehensive investment information and analytic technology. eVestment delivers extensive data through robust, user-friendly products with an unparalleled commitment to client service. (www.evestment.com)

Casey, Quirk & Associates provides management consulting services exclusively to investment management firms. The firm specializes in developing business strategy, enhancing investment practices and crafting distribution plans. (www.caseyquirk.com)

Download complete research insight: Source.


Bg

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. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,

 

banner