Boutiques move to centre stage

Center_stageInvestors are increasingly looking for more active managers to generate real alpha for their portfolios, Lipper says, with boutiques taking a greater market share as a result. Lipper says many investors have been disappointed by the performance of plain vanilla active managers during and after the financial crisis. Detlef Glow, the head of central, north and eastern European research, says the majority of managers has failed to generate value because they use a relative risk management approach. “Asset management groups with special knowledge and a high degree of freedom in their investment process, who enable investors to gain exposure to niche markets, are enjoying increasing assets under management,” Glow says “From this point of view, large asset management groups need to think out of the box and review their investment process to regain their growth momentum.” ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

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At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

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Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


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The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

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Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.