Research

02 Jul

Fund Administrators See Big Growth in Private Markets as Institutional Interest Grows

Private markets general partners continued to adopt third-party fund administration at a rapid clip, which aligns with the overall rising interest in this asset class among institutional investors, according to the just-released 2019 eVestment Alternative Fund Administration Survey. The median respondent grew real assets under administration by +20.64% year-over-year and private equity and debt AUA [...]
26 Jun

Investors Pull Another $3.78 Billion From Hedge Funds as Consolidation Pressure Mounts

Global investors pulled another $3.78 billion from hedge funds in May, according to the just-released May 2019 eVestment Hedge Fund Asset Flows Report. However, despite the overall negative industry flows, many funds have been successfully able to raise new assets in 2019. This includes funds in categories which are seeing the most negative outflows. This [...]
12 Jun

Hedge Fund Returns Dip Negative in May

Overall hedge fund industry returns dipped negative in May after a four-month string of positive results to start off the year, according to the just-released May 2019 eVestment hedge fund performance data. Aggregate industry performance stood at -1.55% in May, with year-to-date (YTD) performance positive at +4.77%. Equities created much of the pain for the [...]
07 Jun

UK Investors & Consultants Looking Beyond Their Borders at Global, Emerging Markets Universes

With Brexit still unresolved and the announcement that Theresa May would resign as prime minister following a shaky tenure, it’s perhaps no surprise that UK investors and consultants would increasingly look globally for investment opportunities last month. Seven of the top 10 most-viewed investment universes in May by UK investors and consultants using eVestment were [...]
06 Jun

Institutional Investors Feeling the Magic of Disney

With a catalogue of iconic hits behind it and more potential hits in the pipeline, the fall 2019 launch of Disney Plus aiming to maximize streaming revenue from all that content and the boost the theme park division will get with the addition of the Star Wars themed Galaxy’s Edge at Disney parks in Anaheim, [...]
30 May

Traditional Asset Managers Start 2019 with Outflows After Tough 2018

Long-only asset managers reported Q1 2019 institutional assets under management of $26.8 trillion to eVestment according to the just-released eVestment Q1 2019 Traditional Asset Flows Report. Net institutional flows totaled -$22.8 billion in Q1 2019 and -$499.0 billion over the past four quarters. Institutional flows were accretive for long-only fixed income strategies, excluding cash management [...]
23 May

Lowered Private Markets Return Expectations Point to a Shift in Investors’ Fund Due Diligence

Private markets investment strategies have continued to rake in new investments in recent years from institutional investors eager to diversify their portfolios and capture the returns private markets investments can offer. However, the 2019 eVestment Private Markets Due Diligence Survey has uncovered that institutional investors are now tempering their expectations for the asset class’ returns. [...]
21 May

Event Driven, Asia, Emerging Markets Hedge Funds Big Asset Winners in April and YTD

Investors around the world have had a strong appetite for Event Driven, Asia and Emerging Markets hedge funds, moving almost $14 billion year-to-date (YTD) into these funds while overall investor redemptions from the hedge fund industry continue, according to the just-released eVestment April 2019 Hedge Fund Asset Flows Report. Event Driven funds pulled in +$2.84 [...]
14 May

2019 Institutional Consultant Capital Market Assumptions

As institutional investors review their asset allocations periodically, they typically begin with capital market assumptions sourced from investment industry consultants for each asset class and strategy within their portfolios. The analysis in eVestment's latest annual Capital Market Assumptions report covers nine different consultants (Aon, Callan, Cambridge Associates, Meketa, NEPC, RVK, Segal Marco, Verus and Wilshire) and [...]
13 May

Hedge Funds See Fourth Consecutive Month of Positive Returns in April

Hedge funds gained an average of +1.26% in April, the fourth consecutive month of positive returns, following a five-month string of aggregate declines closing out 2018, according to the just-released eVestment April 2019 hedge fund performance data. Year to date (YTD) 2019 industry average gains of +6.52% lag a global balanced benchmark but represent the [...]