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Alternative Market Briefing

Financial advisors say volatile markets should favor active managers

Tuesday, June 30, 2020

Bailey McCann, Opalesque New York:

Will the pandemic ultimately lead to asset growth? Active managers have seen significant outflows this year, although they are beginning to taper off. Data from eVestment shows that investors pulled $18.1 billion out of hedge funds in April, down slightly from the $24 billion investors pulled from the industry in March. Outflows coupled with poor performance brought hedge fund AUM to under $3 trillion for the first time since 2014. But a new report says assets may be coming back.

Financial professionals expect to see healthy growth in assets under management from clients seeking more planning and investing advice, according to the findings of a survey published today by Natixis Investment Managers. Natixis surveyed 300 US financial professionals who manage $28.9 billion of client assets, including wealth managers, registered investment advisors, financial planners and wirehouse and independent broker-dealers as part of a larger global study of 2,700 professionals in 16 countries with $134.6 billion of assets.

US respondents expect their assets under management to increase by 7.2% over the next 12 months, with annualized growth of 17.2% over the next three years. The vast majority think this growth will be driven by new assets from new clients (89%) and new assets from current clients (80%). Fewer (55%) are counting on market returns as a primary growth driver.

This growth is also likely to lead to more interest in alternative......................

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