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Craig Smith Benedicte Gravrand, Opalesque Geneva for New Managers: Delegates at the recent Opalesque Caymans Roundtable, all service providers to the fund management industry, said they expect the industry to be increasingly supported by institutional investors in the future.
Craig Smith, Audit Partner with PricewaterhouseCoopers (PwC), which provides audit, tax and advisory services, said his firm expects, backed by research, the global growth of the alternatives investment industry to be supported by pension funds and endowments as they increase their allocation to the space in their search for yield.
There is indeed an increased interest in alternatives coming from pension and endowment funds, said Leanne Golding, Senior Vice President at The Harbour Trust, a provider of fiduciary services to alternative investment funds.
"The bulk of large tickets going into new launches or fund expansions are coming from US pensions and endowments, but we are also seeing more activity from European pension plans as well."
Her firm often sees their allocations spread across several different funds. The directors at Harbour make sure to get to know them; "if the investor already knows the fund administrator, the director, or the auditor, then that relationship is already in place and gives ...................... To view our full article Click here
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