Private Equity Firms Put $300B Dent in Dry Powder
Total buyout deal value fell by $90 billion despite record levels of investor capital.
Manager Selection
Moody’s Downgrades Asset Management Industry for 2017
Struggling active management performance and continued fee pressures were to blame for a negative outlook.
The Great Asset Management Consolidation of 2016
With more than $9 billion in asset manager M&As already underway in 2016, consolidation has become—pun intended—quite a big deal.
How Liquidations Hurt Hedge Fund Returns
Hedge funds that fail to hedge against investor withdrawals generate the worst performance, a study finds.
Static Private Capital Salaries Remain High
The average executive earned a base salary of $455,285, while the best paid took home upwards of $1 million after bonuses.
In Private Markets, First-Timers Outperform Established Managers
Newly launched funds earned higher net returns than existing managers over every vintage year but one from 2000 to 2012, Preqin has found.
Insurers: Asset Management’s Saviors?
Ultra-low interest rates are placing more emphasis on asset classes that insurance companies cannot manage in-house, surveys show.
Active Manager M&A to Increase, Say Ratings Agencies
The continued swing towards passive investment strategies will see more deals emerge along the lines of Janus-Henderson, Moody’s and Fitch say.
Funds-of-Funds, Public Pensions Most Likely to Get Preferential HF Terms
Hedge funds negotiate the fewest side letters with corporate pensions and non-profit institutions, according to law firm Seward & Kissel.
Why Manager Tenure Doesn’t Matter
A long track record doesn’t necessarily guarantee good performance, according to research.
Hedge Funds Caving to Investor Demands on Fees
Managers are increasingly offering hurdle rates, sliding fees, “clawbacks,” and discounts, according to an AIMA survey.
Hedge Funds’ Latest Defector: Family Offices
Family offices join other institutional investors in retreating from the much-maligned investment vehicle.
Inside Your Asset Manager’s Brain
Two specific strengths are necessary for success in trading, according to University of Zurich and Yale researchers.
Asset Managers and the Prisoner’s Dilemma
Peer comparisons and misaligned incentives cause asset managers to follow the herd even to the detriment of asset owners, according to the Bank of England’s Thomas Belsham.
Hedge Funds’ Information Advantage: Reading the News?
Hedge fund managers’ news consumption can translate to trading volumes and return dynamics, according to a Harvard University study.