Worldwide institutional assets among the 688 money managers surveyed by Pensions & Investments dipped 0.31% to $29.16 trillion in 2011, a flat performance after growth of more than 11% a year earlier.
Benjamin Phillips, a partner with Casey, Quirk & Associates LLC in Darien, Conn. said another opportunity for money managers comes from sovereign wealth funds, which are expanding into various asset classes as they continue to grow from capital surpluses in their individual countries. (Overall, sovereign wealth fund assets under management reported by money managers in P&I’s survey were up a mere 0.35% to $898 billion in 2011.)……………………………………….Full Article: Source