Can asset managers balance “innovation” and “simplicity”? A new report says they better hope so.
Jul 28th, 2008 | Filed under: Institutional Investing
Regular readers may remember a survey we conducted in conjunction with our media partner, Terrapinn, last summer. The survey found that while about 15% of asset managers offered a 130/30 fund at that point, over a third said they planned to offer one in the next 12 months.
Well apparently, asset managers have been busy. Here we are nearly 12 months later and a new survey by the Economist Intelligence Unit and KPMG finds that “51% of mainstream fund managers run long-short funds of the 130-30 type“.
The survey was conducted in March and April and released in this KPMG document earlier this month. But it’s hard to compare it to previous surveys of the 130/30 industry due to the rather conspicuous terms “mainstream” and “130-30 type”.
According to KPMG report, “mainstream fund managers” refers to “a filtered sample of respondents that excludes either alternative investment funds (private equity and hedge funds) or fund managers’ key clients (institutional investors)”.
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