A review of recent 130/30 surveys
May 19th, 2008 | Filed under: 130/30Apparently, 130/30 isn’t going away anytime soon. Another survey of institutional investors released this month says that over half (51%) of public pension plans “are using, seriously considering, or evaluating” 130/30 strategies. The number was significantly less for corporate plans (31.5%) – a phenomenon uncovered by some previous surveys as well. On its own “considering” doesn’t mean a lot. After all, a lot of people “considered” – and subsequently dismissed – the idea of buying ”New Coke” back in the 80’s.
So is 130/30 the New Coke of asset management? Will we eventually pine for the “classic” version of our favorite active managers? This survey, for one, suggests not - only 14% of pensions thought 130/30 was a “passing trend”.
This is another in a growing body of surveys on 130/30 (of which our 2007 survey with Terrapinn is a part). So we thought this might be a good time for a re-cap. Below is a quick list of all the 130/30 industry surveys we can immediately recall (in chronological order). If we have missed any, please let us know.
2006
- Survey sponsor: Pyramis Global Advisors (Link to source)
- Survey conducted: October/November 2006
- Sample: 214 US public and corporate defined benefit pension plans with assets over $200 million
- Findings:
7% using 130/30 strategies
51% seriously considering 130/30 strategies
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