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September 27, 2022

Dramatic Increase Coming In Alternatives Listings

More than a quarter (28 per cent) of U.S. and UK institutional investors focused on alternatives are predicting a dramatic increase in funds listing with just 15 per cent convinced that the numbers listing will fall given the current macroeconomic and stock market environment of volatility, rising interest rates, and inflation plus war in Ukraine. However, the results of the Ocorian study among investors focusing on real estate, private debt, and infrastructure, highlight the need for a strong ESG (environmental, social, and governance) focus for any fund that is planning to list. Around two out of five (40 per cent) investors questioned strongly agree that it will become harder to successfully list funds without taking ESG into account while 51 per cent slightly agree. Only nine per cent are confident listings can be achieved without an ESG focus. The increasing focus on ESG issues in listings may help explain why some alternative asset managers will look to raise funds privately as opposed to listing. Around 84 per cent of investors questioned expect alternative fund managers to increasingly raise funds privately over the next 18 months. Just 13 per cent do not expect a rise in private fund raising. The main reason is that private fund raising enables managers to access different types of investors. Institutional investors cited cost and the impact of regulatory changes as the second and third most likely reasons encouraging alternatives fund managers to raise money privately.

September 27, 2022

Active Managers See Good Year On Horizon

The best year for active managers since 2009 is on the horizon, says data from S&P Dow Jones Indices. Almost half (49 per cent) of large-cap domestic equity funds in the U.S. outperformed the S&P 500 in the first half of 2022, while the S&P 500 experienced a 20 per cent total return decline during the same period. Over the course of the entire year in 2009, 52 per cent of the funds outperformed their benchmark indices. The S&P 500 increased by 26 per cent. “Declining markets make active management skills all the more valuable and our report shows that a significant minority of active managers were able to outperform in several categories,” it says. Large-cap U.S. equity volatility and dispersion have both been on the rise since 2017, with dispersion on track to reach its highest average annual reading since 2009. With careful stock selection, there is a higher chance of producing above-average performance, it said.

September 27, 2022

Hospitality Benefits Offered

Hub International Limited has launched Hospitality Benefits Captive to help hospitality employers in the U.S. and those with cross-border operations in Canada mana