Hedge fund industry concentration now falling?
Jul 7th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post
With rampant consolidation in the alternative investment industry, the top players in each discipline (e.g. hedge funds, private equity, real estate…) now control a significant proportion of assets. As a result, the views and experiences of these rarefied groups are becoming more representative of the greater industry. This fact was surly not lost on the good folks at Watson Wyatt, who recently polled the top 100 managers of alternative assets.
The report is available for free (with quick registration) here and makes for interesting reading. The firm examined only the pension assets managed by these asset managers, not their retail or endowment assets. The overall size of the pension allocations to the top 100 alternative asset managers in 2008, according to the firm, was $817 billion.
Despite some media reports that this number was a poor showing for the industry (ex. “Allocations to alternative assets dip“), it was down only 1% from last year’s $823 billion. In North America, the number actually grew from $395 billion (48% x 823b) to $433 billion (54% x $817b) – a 10% increase… More…
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