Sun, Dec 28, 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. Hong Kong-Shanghai stock link fails to live up to expectation so far[more]

    Komfie Manalo, Opalesque Asia: In a report, Reuters said that demand has been subdued with the bulk of activities coming from short-term speculative investors. Las

  2. 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

  3. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  4. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for

  5. CFTC Revokes Registrations of Illinois Resident Aleks A. Kins and Chicago-based AlphaMetrix, LLC[more]

    Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its