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Laxman Pai, Opalesque Asia: More than half of endowment and foundation investment executives plan to increase allocations to alternatives in the next year, according to a study.
According to a survey from investment consultant Graystone Consulting, 52% of executives plan to increase their allocations to alternatives, while 64% of executives at institutions with less than $1 billion in assets also plan to do so.
Endowments & foundations have relatively muted expectations for their portfolios. Only one of five (19%) respondents are "very confident" that their organizations will achieve their 3-year targeted investment returns, the report said.
Working with an external investment consultant, however, seems to have a dramatic impact on these expectations. Nearly three times as many respondents who work with an external consultant feel very confident compared to those who do not (31% compared to 11%).
Meanwhile, fundamental challenges top the list of respondents' concerns, including those related to hitting investment targets and managing risk in an environment marked by volatility and slowing economic growth.
Three in 10 endowments & foundations plan to grow their investment teams in the next three years, while just 6% expect to reduce staff.
The inaugural survey was fielded by independent research firm 8 Acre Perspective and focuses on endowments and foundations, containing responses from investment decision-makers at 100 organizations with at least ...................... To view our full article Click here
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