Sections

Study highlights 'fickle' investors

Pension funds are the most fickle of all European institutional investors when it comes to asset managers, according to a new study.
The study, compiled by the consulting firm FRC on behalf of US asset manager Invesco, says 61% of the sampled European pension funds had fired an external asset manager in the previous year. This compared with 32% of insurers and 39% for other institutional investors, including banks, foundations and companies.
Part of the pension funds’ fickleness was related to a heavy reliance on investment consultants. According to the study, 63% of the funds used a consultant, compared with 30% for insurers and 28% for the other investors.
Overall, the study found, 43% of the institutional investors had sacked an asset manager in the previous 12 months.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2496

    Asset class: Commodities.
    Asset region: World.
    Size: CHF 100 – 150 m.
    Closing date: 2018-12-12.

  • QN-2498

    Asset class: Fixed Income Investment Grade.
    Asset region: Global Developed Markets.
    Size: $50m.
    Closing date: 2019-01-07.

  • DS-2499

    Closing date: 2019-01-02.

Begin Your Search Here