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eVestment in the media
Nasdaq Trade Talks: eVestment makes data available to more asset managers through Instant Insights
eVestment makes data available to more asset managers through recently launched Instant Insights. Senior Vice President Russ Elliott joins Jill Malandrino on Nasdaq #TradeTalks to discuss.
FundFire: Inst’l sales platform Assette integrates eVestment data
Software provider Assette has reached an agreement to incorporate eVestment data into its automated sales and digital communication platform used by asset managers. Clients of both firms will be able to create sales and marketing materials on Assette’s platform incorporating data collected by eVestment. The firm expects the integration will help asset managers’ sales and marketing teams eliminate manual process associated with adding eVestment data to pitchbooks, presentations and other sales and marketing materials.
Institutional Asset Manager: eVestment and Assette partner to provide data integration to asset management firms
eVestment, an institutional investment data and analytics provider, and Assette, a sales and client communication software firm, have teamed up to help asset managers integrate peer performance, key professional, fees and other data seamlessly into client and sales communications. With this new agreement, a pre-built connector pulls eVestment data directly into the Assette platform, allowing asset managers to access quantitative and qualitative data from multiple sources easily.
IPE: Norway’s AFP pension fund taps eVestment
Norwegian private sector pension fund AFP has picked US data firm eVestment to provide services to help it monitor external managers and handle its data collection and review processes more efficiently, according to the US firm. Frode Veiby, senior portfolio manager at the pension fund, said AFP was “very excited” to use the eVestment platform. “Finding and monitoring institutional asset managers locally and around the world is important to our success in serving our pensioners,” he said.
Yahoo Finance: Instant Insights brings eVestment data to more users
eVestment, a global leader in institutional investment data and analytics, has launched Instant Insights for traditional asset managers to surface key data points about their products and business opportunities in the spaces in which they compete. Instant Insights is next-generation competitive intelligence for executives in sales, marketing and consultant relations who want to set product and market priorities with data.
Bloomberg: Hedge funds see inflows in May after months of redemptions
Hedge funds saw net inflows for the first time since February, with the industry bringing in $1.7 billion in May, according to data provider eVestment. Still, redemptions for the year stood at more than $30 billion, the firm said.
Pensions & Investments: Norway’s Fellesordningen chooses eVestment for manager selection, monitoring
Fellesordningen for AFP, Lysaker, Norway, selected eVestment to provide assistance with manager selection and monitoring. The firm will help the supplementary multiemployer plan with manager analysis through use of a database, said Frode Veiby, senior portfolio manager. “We are very excited to utilize the eVestment platform and know that eVestment has the breadth and depth in coverage and proprietary data and tools to make sure that we are able to identify the appropriate strategies for the management of the AFP fund,” he added.
AM Watch: Data provider makes another breakthrough with Nordic pension fund
Norwegian pension fund Fellesordningen for AFP chooses data provider eVestment to help select and monitor asset managers and to more efficiently manage its data collection and processes. AFP is a private sector tariff-based pension scheme in Norway with around EUR 3.7 billion in assets under management. According to eVestment, the data provider sees a trend of Nordic pension funds beginning to look more globally for managers and using tools like eVestment to do so.
Private Funds CFO: Will PE wake up to WFH?
Flexible working was not fashionable in private equity before 2020. Only 7 percent of private markets professionals regularly worked from home, said a survey of 311 of them by eVestment and MJ Hudson. Of those, 80 percent were senior team members. “Working from home is a privilege to be earned, rather than a right, it would seem,” noted the report’s authors.
Financial Standard: Melbourne boutique partners with Swiss bank
Bell Asset Management’s funds have been among top performers in its category. About 90% of its funds under management at September end, when it partnered with Channel for retail and wholesale, was from institutional investors, about 40% of whom were overseas clients that it attracted through eVestment.
IPE: eVestment: Consultants decreased return expectations before virus hit
A recent report published by eVestment shows that on average consultants decreased their return expectations across all high-level asset classes, even before the global health crisis emerged. The report, Capital Market Assumptions Survey 2020, which looks at 2019 and pre-pandemic 2020 capital market assumptions (CMAs), revealed these adjustments come after a year of high returns across many markets in 2019.
Pensions & Investments: Consultants forecast lower returns in 2020 even before COVID-19
Data aggregated by eVestment show that across 12 major asset classes declining return expectations were reported in all but core real estate. Emerging market return expectations had the most significant declines, with equity returns falling 125 basis points and U.S. dollar denominated debt 147 basis points lower.
IPE: AP1 saves resources by adding eVestment to monitoring kit
Swedish state pension buffer fund AP1 has started using data services from US provider eVestment to monitor the performance of its external managers – a move the SEK366bn (€35bn) fund said will help it direct its resources more efficiently. Majdi Chammas, portfolio manager in AP1’s new external partnerships and innovation department, told IPE: “AP1 has decided to add eVestment to the existing toolkit. The eVestment database will help us in the monitoring process of existing and shortlisted managers and allow us to focus our resources.”
FundFire: Pandemic gives rise to new industry conference models
Industry conference organizers are recreating events to adjust to the social norms imposed by the pandemic. New conference formats are opening access to new attendees, generating new data on attendee preferences, and creating new sponsorship opportunities for asset management marketers. Data provider eVestment cancelled its Atlanta annual conference and repurposed the content for free webcasts and podcasts, says marketing operations manager Erica Jack. “We chose not to postpone it later this year… mostly due to uncertainty of how things will play out.”
Ignites Asia: HK hedge fund dangles full loss insurance for 50% performance fee
A Hong Kong-based hedge fund is offering to cover full losses on a new share class to drum up interest in its strategies after the sector was heavily hit by the impact of the coronavirus pandemic. During the first four months of this year, the global hedge fund industry saw outflows of about US$31 billion as investors scrambled for the exit amid the spread of the pandemic. In fact, the resulting sell-off in March occurred during the worst monthly performance for hedge funds since the global financial crisis of 2008, the publication said, citing institutional investment data provider eVestment.
Pensions & Investments: AP1 chooses eVestment technology to monitor managers
AP1, Stockholm, will use technology provided by eVestment to help in its quantitative analysis of money managers, a spokesman said. The 365.8 billion Swedish kronor ($38.6 billion) fund will use the eVestment technology in the monitoring process of new and existing managers as well as managers on the fund’s watchlist.
AM Watch: Investment data provider eVestment reels in AP1 as new customer
Swedish public pension fund AP1 has decided to adopt asset manager monitoring capabilities from eVestment, a global provider of institutional investment data and analytics. AP1 will incorporate eVestment data into its existing process for monitoring its roster of managers and for continual monitoring of managers on their shortlist. The data should give AP1 insights into how those managers are performing if AP1 seeks to rebalance or reallocate in the future.
Institutional Asset Manager: US bond funds bore brunt of Q1 institutional investor outflows, says report
Examining data from USD28.3 trillion in institutional assets under management on eVestment’s platform, the report showed US bond funds suffering outflows of USD162.6 billion, of which USD111.3 billion came from active strategies and USD51.3 billion from passive strategies.
FundFire: Institutional assets gushed out of fixed income strategies in Q1
Global institutional investors pulled out more than $70.68 billion from U.S. long duration fixed income strategies, doubling the strategy’s largest outflow on record, according to an eVestment first quarter report. In the U.S., institutional and retail investors pulled out more than $50 billion from the asset class.
Hedge Nordic: Large macro funds bleed assets
After large losses in March pushed hedge fund industry assets below $3 trillion for the first time since 2014, investors redeemed an estimated $18 billion from hedge funds in April, according to eVestment. Following net redemptions of about $24 billion in March and $18 billion in April, net outflows in the hedge fund industry during the first four months of 2020 reached $31 billion.
LiveWire: Why invest in Australian small caps?
The ability for investment managers to beat their respective benchmark performance in niche markets like Australian small caps has been consistent and has delivered significantly higher alpha as compared to other equity classes over the long-term. Author Phillip Hudak of AMP Capital uses eVestment data as a source for this article.
Reuters: Sovereign wealth funds fly to relative safety of U.S. assets amid pandemic
U.S. equity strategies managed by third-party fund managers sucked in net flows of $5.36 billion from sovereign funds in the first quarter, with the majority headed to passive S&P 500 equity strategies which posted their largest inflows in at least three years, according to data from eVestment.
CityWire Asia: Major hedge funds staged a comeback in April
Hedge funds gained an average of +5.02% in April, but remained largely negative year-to-date at -7.49%, just-released data by eVestment has revealed.
Financial Standard: Hedge funds rally in April, but YTD still bleed red
New data has revealed that hedge funds around the globe staged a recovery in April, with a positive aggregate return of more than 5%. It follows a disappointing March, with almost all the hedge funds tracked by a global database and analytics tool in the red. Despite this promising turn around, eVestment found that the majority of hedge funds were still in the red year to date, reflecting the devastating impact of the coronavirus pandemic on market performance.
AlphaWeek: eVestment’s top hedge funds in April 2020
Our monthly peek into the viewership activity by the institutional investor and advisor subscribers to the platform shows that Graham Capital’s Quant Macro Portfolio was the most viewed hedge fund last month, the first time that it has topped the list and the first time it has appeared in the top three since September 2016.
FundFire: The ESG boom is coming for credit, but managers lag on active engagement
Only one in two eVestment-tracked global institutional dollars allocated to fixed income strategies that consider ESG in some way, shape or form is subject to an active ownership policy, a FundFire analysis of the data provider’s numbers shows.
Axios: U.S. pension funds continue to lurch toward bonds amid coronavirus pandemic
U.S. pension plans already were above their target allocation to fixed income before the coronavirus pandemic, and the outperformance of fixed income during the first quarter has further shifted the tide, a new report from eVestment shows.
FundFire: Did OCIOs earn their keep in 2019? New data sheds light
The first Outsourced CIO (OCIO) performance indices are here, giving institutional investors a new way to gauge how their provider stacks up to peers. Anonymized client data collected from OCIO providers by Nasdaq and search firm Alpha Capital Management shows that, on average, OCIO firms’ discretionary clients saw returns of 4.5% in the fourth quarter and 18% during all of 2019, net of fees. Five-year annualized returns stood at 6.5%.
Bloomberg: Hedge fund assets dip below $3 trillion to least in six years
Global hedge fund assets dropped below $3 trillion for the first time since April 2014, hit by client withdrawals and investment losses amid the March market rout, eVestment data show. Investors pulled $24.1 billion more funds than they deposited last month, according to the data provider.
Financial News London: UK pension investors look to step up private market allocations
UK public plans are set to make “substantial allocations” to private markets in the coming months, according data company eVestment. The shift is a reaction to the reported 20% aggregate decline in their performance in the first quarter this year, which resulted in a £40.7bn loss.
Ignites Asia: eVestment hires business development manager in Sydney
Institutional investment data and analytics solutions provider eVestment has appointed Daman Grewal as Sydney-based business development manager, effective in January. In this newly created role, Grewal focuses on growing the firm’s client base in Australia and New Zealand, including asset managers, investors and investment consultants.
Opalesque: Hedge fund returns varied in March amid elevated volatility, says eVestment
March was a highly volatile and dramatic month, not just for global financial markets and the hedge fund industry, but for humanity. “During the global financial crisis, financial systems were at risk of failing, whereas in March and ongoing, we face larger failures. With the understanding that these are delicate times for all, the following is a look at hedge fund performance amid a global crisis,” said Peter Laurelli, CFA, eVestment Global Head of Research.
AlphaWeek: eVestment’s top hedge funds in March 2020
Our monthly peek into eVestment’s subscriber activity sees AQR Capital Management’s DELTA Strategy re-take the top spot in the most viewed product category.
FundFire: COVID-19 forces work culture shifts for private equity firms
Before Covid-19, flexible working in private markets was not indulged very often, according to a survey conducted by eVestment Private Markets and MJ Hudson of 311 employees from across the global private markets industry, including GPs, LPs, and outsourced practitioners of core functions.
Axios: Hedge funds outperformed the stock market in March
Hedge funds outperformed the S&P 500 in March and have suffered fewer losses this year, showing their value during crisis periods, data from eVestment shows.
Vanity Fair: Too big to fail, COVID-19 edition: How private equity is winning the Coronavirus crisis
In 2018, according to analytics firm eVestment, pension funds in the U.S. and the U.K. pumped 27% of their fresh allocations of money into private-equity funds, up from 25% the year before.
CityWire: The shops that topped institutional investors’ searches in March
eVestment, a database used by institutional investors, breaks down the most searched for categories, strategies and managers, at a global level and in the US.
FundFire: Share your response to COVID-19, eVestment asks managers
eVestment is collecting business continuity plans and COVID-19-related marketing materials to meet growing demand for this information as the pandemic sheds light on asset managers’ preparedness for unforeseen events. The effort aims to serve as a one-stop shop for investment consultants and asset owners seeking information on how managers are responding to the pandemic.
Reuters: Multi-strategy hedge funds outperformed peers as market plunged
Last year, investors cooled on multi-strategy funds, which oversee $526 billion, and pulled out $18.3 billion, according to data from research firm eVestment. This year is different: investors have added $10.57 billion in the first two months of the year.
FundFire: First mover advantage poses challenges for new product launches
The first investment strategies to market can have an advantage on the competition in gathering assets, an important factor for managers to consider in product development efforts, a new study from eVestment finds.
Opalesque: Investors generous with new money for hedge funds in February. Will that hold up in March?
Investors were bullish on hedge funds in February, allocating another $14.78 billion to funds around the world, according to just-released February 2020 eVestment Hedge Fund Asset Flows data.
Institutional Investor: Managers were getting bad news before markets crashed
Before the worst of the market carnage was unleashed in mid-March, institutional equity managers were already experiencing some of the worst outflows in years. According to eVestment’s first institutional intelligence report, published on Monday, the largest outflows came from active U.S. and global equity strategies, while investors were shifting into cash management and fixed-income funds.
S&P Global Market Intelligence: Hedge funds show their worth in February as they outperform volatile S&P 500
The global hedge funds industry posted aggregate losses of 2.53% in February, according to eVestment, an institutional investment data provider owned by Nasdaq, compared with returns including dividends of -8.23% for the S&P 500, -3.73% for a balanced index of global equities and sovereign bonds (50% MSCI World/50% Citi WGBI).
FundFire: Volatility is back. Will hedge fund flows return?
Following a challenging 2019 when the hedge fund space saw nearly $100 billion in outflows, this year started off with a bang, as investors added an estimated $10.38 billion to hedge funds in January, according to data from eVestment.
FundFire: Nasdaq buys inst’l investor fintech shop Solovis
Nasdaq, Inc. has acquired financial technology company Solovis in a deal it says creates a “global leader of proprietary content, insights and portfolio analytics.” Nasdaq will make Solovis’ offering available through its eVestment group.
Pensions & Investments: Investors pull $59.4 billion from traditional managers in Q4
Institutional investors pulled a net $59.4 billion from traditional long-only asset managers over the course of the fourth quarter, and $210.7 billion during all of 2019, data from eVestment said.
Bloomberg: Asia hedge funds brace for lean times as investors stay away
Asia-based hedge funds lost 5% of their assets to net redemptions last year, compared with 3% on average globally, eVestment data show.
Reuters: Sovereign investors pulled back from equities in fourth quarter -report
Sovereign wealth fund investment in equities via external asset managers fell in the final quarter of last year, data from research firm eVestment showed on Thursday.
AlphaWeek: eVestment’s top hedge funds in January 2020
AQR’s DELTA strategy was the most viewed alternative product on the eVestment platform from its institutional investor and consultant subscriber base last month, taking first place from Renaissance Technologies’ Institutional Diversifed Global Equities and Magnitude Capital’s Magnitude International coming in third.
Bloomberg: Hedge fund outflows neared $100 billion in 2019, most since 2016
Investors pulled more than $16 billion from the industry in December alone, capping a year that saw the longest stretch of monthly client withdrawals since the 2008 financial crisis, according to data compiled by eVestment. The redemptions equal about 3% of industry assets and are almost triple the $37.2 billion in outflows seen in 2018.
Citywire Professional Buyer: The shops that topped institutional investors’ searches in December
eVestment, a database used by institutional investors, breaks down the most searched for categories, strategies and managers, at a global level and in the US.
Markets Media: Hedge funds see $4.45 billion of November inflows
The hedge fund business turned around eight consecutive months of aggregate outflows in November, with investors allocating +$4.45 billion to the industry, according to just-released eVestment hedge fund asset flows data.
Pensions & Investments: European fixed-income investors demanding fee cuts
Institutional AUM for all European fixed-income strategies has declined to $972 billion as of Sept. 30 from more than $1 trillion as of Dec. 31, 2017, according to data provider eVestment LLC.