Hints and tips:
Related Special Reports
...Advisory mandates are a low-margin business, where an asset manager gives a client its view on matters such as asset allocation but the client makes its own independent investment decisions, and are distinct...
...At 39.9 per cent of assets by June 2023, Princo’s investment in private equity was double the average allocation for large US university endowments....
...In (very) broad contours, the Yale model is de minimis allocations to boring stuff like fixed income and big allocations to alternative, often illiquid investments like hedge funds, private equity and venture...
...the fund and notes from its board meeting....
...When price discovery evaporates, poor capital allocation decisions are not appropriately rewarded....
...On the latest estimate, the fund’s assets have dropped back to $8.3bn. It is hardly surprising that there is no reliable way of picking outperforming funds in advance....
...European investor allocations to environmental, social and governance exchange traded funds slowed down in the first quarter of 2024 as the sector endures an “existential crisis”, Morningstar research shows...
...But investors are increasing allocations to global equity funds, an indication that they are seeing opportunities outside of mega-cap stocks....
...Asset managers tend to either love it, and bristle in irritation if you fail to love it as much as they do, or hate it because they pick stocks for a living and index tracking funds are eating their lunch...
...In the UK, The Investment Association estimates that passive accounts for a third of all assets under management, and index fund assets eclipsed those in actively managed funds in the US market at the end...
...Third, a maturation of financial markets including the spread of derivatives, lower entry barriers and the institutionalisation of emerging markets as an asset class....
...I believe in passive investing but then attempt my own asset allocation. Madness. I should just decide on my weightings (with automated rebalancing) and walk away....
...Fink said big pension funds that have large allocations to private equity have been particularly reluctant to invest because those funds have been slow to return money to investors amid a slowdown in takeovers...
...Investors could also look at increasing their exposure to passive funds tracking European or emerging market indices, or diversify away from equities by considering multi-asset funds....
...allocation models, as well as “stretched valuations in the US and more conducive valuations overseas”....
...Still, cheap UK stocks are starting to grab the attention of fund managers....
...America’s passively managed mutual funds and exchange traded funds — which mimic overall market indices — ended last year with more assets than active ones, following years of strong inflows....
...“But even the effective family offices — those that have an investment team, led by a chief investment officer to determine the appropriate asset allocation — do not want to pay the going rate for experienced...
...At the end of December, index funds and ETFs accounted for $6.6tn in assets under management, two-thirds of BlackRock’s $10tn in assets....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...The return of normalised inflation that anyone over the age of 40 will remember will inevitably influence asset allocation as investors expect returns significantly above the risk-free rate....
...“But for guys who want to grow assets, I think they see there’s just a huge pool of assets in retail and they cannot access them with hedge funds....
...However, Jim Masturzo chief investment officer, multi-asset strategies, at Research Affiliates, the smart beta index specialist, urges patience....
...After 23 consecutive months of investor withdrawals, assets in equity long-short funds are down to $723bn, below levels five years ago, according to Nasdaq eVestment....
...Flows to active US exchange traded funds have surged past previous records for both monthly and quarterly hauls, helping to drive assets held in the vehicles above $750bn at the end of March....
International Edition