Wed, Jul 30, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by