Fri, Apr 10, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global institutional assets under management reach $26.9tn in Q4 2019

Friday, February 28, 2020

Laxman Pai, Opalesque Asia:

Traditional asset managers reported institutional assets under management of $26.9 trillion through Q4 2019 to eVestment.

According to the report by eVestment, net institutional flows totaled -$59.4 billion in the most recent quarter and -$210.7 billion over the full year 2019.

Although institutional flows for long-only strategies were consistently negative in aggregate throughout the year, this was still a marked improvement over redemptions of -$470.1 billion in 2018.

Institutional investors withdrew -$10.2 billion from passive U.S. equity and -$18.4 billion from passive non-U.S. equity strategies in the final quarter of 2019.

Passive Russell 1000 Growth products managed to take in net allocations of +$3.0 billion (and Russell 1000 +$53 million), but all other passive U.S. equity strategies posted net outflows including those tied to the S&P 500.

Similarly, passive global equity products had net inflows of +$537 million, but all other passive non-U.S. universes registered redemptions.

Active equity strategies experienced net institutional redemptions totaling -$158.8 billion in Q4 2019. The active U.S. equity space continued to see significant outflows (-$91.7 billion).

However, outside of the U.S., we did see support for global and ACWI ex-U.S. all-cap growth, global large-cap, and China equity (both Hong Kong and A-shares) strategies.

Fixed income managers, excluding cash management strategies, reported net institutional inflows of +$39.2 billion in Q4 2019.

U.S. fixed income strategies saw the largest allocations led by active core, core plus, and long duration fixed income strategies ($11+ billion each in Q4). U.S. short duration fixed income, bank loan, and passive products were the few areas to see redemptions.

Across non-U.S. fixed income, passive global bonds (+$11.9 billion), buy-and-maintain credit (+$4.8 billion), and multi-asset credit (+$3.6 billion) strategies saw the greatest investor support in Q4.

At the other end of the spectrum, active EM debt managers saw significant outflows during the quarter.

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. Investing: Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall, Here's what top hedge funds are buying in the coronavirus stock market crash[more]

    Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall From Financial News: Bridgewater Associates, the world's biggest hedge fund, has retreated from shorting European stocks after making an estimated €2.9bn ($3.2bn), as its founder and co-chairman Ray Dalio c

  2. Bill Ackman writes letter to shareholders on coronavirus[more]

    Pershing Square Holdings (PSH)'s Bill Ackman wrote a letter to investors outlining his insight on the coronavirus pandemic in the United States. He revealed that PSH completed the process of exiting the hedges on 23 March, netting a gross $2.1bn for PSH, after turning 'increasingly positive on equit

  3. New Launches: LGPS Central sets up investment grade bond fund, Leeds Equity Advisors aims to raise $1bn for PE fund, RLI Investors to launch European last-mile logistics fund, DBL Partners IV targets $450m[more]

    LGPS Central sets up investment grade bond fund From IPE: LGPS Central, the asset pooling vehicle for eight local government pension schemes (LGPS) based in England's Midlands, has launched a global investment grade corporate bond fund in order to meet its partner funds' needs. The po

  4. Investing: Marathon sees cheap assets amid dislocation in credit, Deerfield's health care buying spree, It's time to buy shares again, says BlackRock, Credit Suisse, Fed is buying credit ETFs but one hedge fund is shorting them[more]

    Marathon sees cheap assets amid dislocation in credit From Bloomberg: Distressed-investment specialist Marathon Asset Management is buying beaten-up debt amid the greatest dislocation in credit markets since 2008, according to Bruce Richards, co-founder and chief investment officer of the

  5. People: Carlyle picks 2 deputy heads for Japan buyout advisory team, Ex-Kleinwort Hambros adviser takes senior role at multi-family office boutique[more]

    Carlyle picks 2 deputy heads for Japan buyout advisory team From PIonline.com: Takaomi Tomioka and Hiroyuki Otsuka were named deputy heads of the Japan buyout advisory team at Carlyle Group. The positions are new, confirmed a spokeswoman for the New York-based private markets investment g