Monday, 20 October 2014
Last updated 2 days ago
Apr 12 2007 | 12:54pm ET
Investment consultants expect to see a sizeable increase in search activity this year, and alternatives will be their bread-and-butter.
According to a new Casey Quirk survey of consultants, while traditional equity searches will still generate the most search activity, more consultants will focus on hedge funds than any other strategy. More than half of survey participants said hedge funds will be one of their top search items in 2007, with 68% expecting an increase in hedge fund searches compared to 2006, and a quarter expecting a “significant increase.”
Private equity will also be a major focus, with almost a quarter of consultants identifying it as a primary focus. No consultant polled expected a decline in p.e. searches this year, and 44% said they expect to conduct more p.e. and real estate searches.
All told, consultants expect an 8% to 10% increase in search activity in 2007. Alternative asset classes hedge funds, p.e. and real estate are identified as “highest opportunity” areas, while portable alpha, 130/30 and 120/20 products are seen as “up and coming.”
The latter, 130/30 and 120/20, are much more likely to be the focus of larger consultants than smaller. The other major divide among consultants identified by Casey Quirk is between those advising public pension funds and those advising individuals. The former are much more likely to favor funds of funds, while the half of the latter prefer direct investing. Overall, 49% of respondents side with funds of funds, and just 19% with direct investing.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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