Wednesday, 25 November 2015
Last updated 37 min ago
Jul 31 2012 | 11:19am ET
Retail investors appetite for alternative investments will continue to grow steadily, McKinsey & Co. predicts.
The consultancy estimates that retail alternative products will account for 13% of total U.S. retail fund assets by 2015, more than double its slice of such assets in 2010. Alternatives' share of retail fund revenues will also grow commensurately, from about 13% to about 25%.
The new demand is fueled by how the products are being structured, financial advisors' enthusiasm for them and how they are being accounted for in portfolios, McKinsey said. But many asset managers are "unprepared for the shift," the firm found.
To combat that unpreparedness, such firms need to boost both their risk-management and sales capacities, McKinsey recommends.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…