There are an estimated 1,600 private equity firms around the world in capital-raising mode at the moment, offering fiduciary investors a smorgasbord of alternatives, split on regions, style, size, stage and sector categorisations. Some recent good news for investors is that, for private equity at least, there is now evidence of performance persistence.
Pension funds need to look at building a “new beta system”, according to Dr Henry Zhao (pictured), moving away from traditional global indexes in general and cap-weighted indexes in particular.
Investors need to build some hedges into their portfolios as uncertainties about the speed and shape of the western world’s economic recovery remain, according to Mercer Investments.
After one year in the job, State Street’s boss, Jay Hooley (pictured), surveys the post-crisis landscape and looks at the trends for investors and fund managers. He spoke with Greg Bright.
Everyone likes venture capital. It’s one of the feel-good asset types that fiduciary investors can believe makes a difference to society. Unfortunately, for the past 10 years it has also, on average, lost money.
Everyone is mesmerised by the Asian growth story. The emerging middle classes, hundreds of millions of new consumers and, not the least, high fees for funds management services.
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