Alternative Asset Classes

Alternative Asset Classes - Articles & White Papers

Articles and white papers on alternative investments. In our definition of alternative asset classes, we include research on hedge funds, private equity, infrastructure and commercial real estate (CRE). Property is of course a traditional investment, but we classify CRE as an alternative asset class, inasmuch as it is alternative to the primary listed asset classes; equities and bonds. In addition we include sections on less common alternatives such as farmland and forestry, cleantech and any other alternative investments. Our most popular research on alternative asset classes tend to be large surveys and industry reports from management and investment consultants such as PwC, KPMG, Deloitte, Ernst & Young, Cambridge Associates and Towers Watson. Preqin also feature strongly, as providers of investment reports across a number of alternative asset classes. Reports which examine the outlook for expected returns from alternative asset classes are particularly well received. For white papers relating to specific alternative asset classes, such as private equity, hedge funds, infrastructure or property, simply select the desired topic from the main menu.
  • QMA

    Investing in Liquid Alts: An Outcomes-Based Approach (QMA, Apr 2017)

    • 05 May 2017
    • Company: QMA

    As more investors seek new sources of returns less correlated with the downward swings of the equity and bond markets, liquid alternative strategies have emerged as one of the more viable, and popular, investment options. Investors and their financial advisors are conditioned to select managers based on the asset class they invest in, frequently a less important consideration when ...

    • Professional
    • Views: 937
    Read more
  • CFA Institute Research Foundation

    Factor Investing and Asset Allocation (CFA Institute Research Foundation)

    Factor investing is as old as the hills. Yet it has only recently become a widespread practice. What is behind this sudden change in the investment management industry? What do analysts at firms that engage in factor investing do? What results might investors using these techniques expect? Here is a hugely important read to explore these questions.

    • Professional
    • Views: 2304
    Read more
  • Michael Page

    UK Front Office Banking & Asset Management Salary Survey 2017

    This 22 page report from Michael Page details average remuneration (salary plus bonus) for a range of front office banking and fund management positions, including compensation for asset managers, quants, investment strategists, equity analysts, multi-asset portfolio managers, debt and credit analysts, and those in research/strategy and sales/trading roles in the UK. The ...

    • Professional
    • Views: 1604
    Read more
  • KPMG

    Growing Up: A New Environment for Hedge Funds (2015)

    • 16 Mar 2015
    • Company: KPMG

    This thirty page report is based on a survey of over one hundred hedge funds. The report explores investment compliance, hedge fund product design and hedge fund marketing. It suggests that as fee and fund structures become increasingly customized, hedge funds will position themselves more and more as solution providers.

  • Credit Suisse

    Supertrends - Investing for the Long Term (Credit Suisse, 2017)

    This 97-page report has been produced by Credit Suisse. It analyses the key trends affecting long-term investing, such as geopolitics, demographic shifts, and rapid technology change. These movements provide a tangible link between today’s major developments and portfolios' risk/return profiles in the long run.

    • Professional
    • Views: 2517
    Read more
  • Bain & Company

    Global Private Equity Report 2017 (Bain & Company)

    This 68-page paper by Bain & Company provides important insights into the state and outlook of the global private equity industry. It looks back at 2016 and examines exits, fundraising, returns, etc and then looks ahead to the coming year.

  • Rotman International Centre for Pension Management

    Pension Fund Investment in Infrastructure: Lessons from Australia and Canada

    Since the early 1990s, the pioneers in infrastructure investing have been Canadian and Australian pension funds. Globally, these funds currently have the highest allocation of assets to infrastructure. In this article, the authors compare and contrast institutional investors' experiences in Australia and Canada, examining the pension systems, infrastructure policies, the ...

  • Investment Management Consultants Association

    The Evolution of Asset Classes: Lessons from University Endowments (IMCA)

    This paper surveys the practice of asset allocation for larger U.S. university endowments focusing on asset category definitions. Wide diversity today reflects the broad shift to alternative investments and the blurring of boundaries by investment funds and managers. A prominent example involves hedge funds. Numerous and divergent subcategories depict the current wide-ranging ...

    • Professional
    • Views: 1239
    Read more
  • UBS Asset Management

    Up in the air on carbon: How investors can leverage carbon data (UBS Asset Management, 2017)

    Much of the investment industry has begun incorporating carbon emissions data into investment decisions, but the way forward is complex and requires analysis that goes beyond standard carbon emissions data. Investors who focus on simple solutions such as divestment or footprinting without considering these other factors may end up divesting shares of innovative companies and ...

  • QMA

    Some Like It Hot: Fiscal Policy, Inflation and the Role of Real Assets (QMA, March 2017)

    • 13 Mar 2017
    • Company: QMA

    Of all the variables the new administration brings for investors one of the trickiest to plan for is inflation. Inflationary pressures were already building before the election ushered in the prospect of a sweeping agenda of pro-growth fiscal and de-regulatory policies. One common way to hedge against inflation is to diversify portfolios with exposure to real assets – ...

    • Professional
    • Views: 1263
    Read more
  • Cohen & Steers

    Global Infrastructure: The Listed Alternative (Cohen & Steers)

    With more institutions allocating to infrastructure, the authors of this paper believe that the listed market offers a compelling solution to the rising build-up of capital in the private market, aiding investors in achieving their target infrastructure weightings, providing liquidity, and expanding the range of global investment opportunities.

    • Professional
    • Views: 1269
    Read more
  • Deutsche Bank

    Why you should not invest in infrastructure (Deutsche Bank, 2016)

    Financing infrastructure investments in the era of constrained public finances is a complex problem. Harnessing private capital, particularly from life insurers and pension funds, with the expectation of steady long-term cash flows, is the oft-proposed solution to this dilemma. This essay by Deutsche Bank subverts all of this by arguing that this solution is wrong on multiple ...

    • Professional
    • Views: 1250
    Read more
  • Heidrick & Struggles

    2016 Europe & Africa Private Capital Compensation Survey

    This survey reveals compensation levels across the Private Equity industry, by base, bonus and carry. The numbers are spliced and diced based on role, experience and other factors. Respondents represent a cross-section of the private equity value chain and include fund-raising, infrastructure (e.g. general counsel, finance & HR), and operating professionals.

  • EDHEC-Risk Institute

    Factor Investing and Risk Allocation: From Traditional to Alternative Risk Premia Harvesting (EDHEC, 2016)

    This comprehensive 62-page paper by EDHEC-Risk Institute examines factor investing beyond traditional factors. It seeks to analyse what the best possible approach is for harvesting alternative long/short risk premia. There is a growing interest in factor investing among sophisticated institutional investors. The replication of hedge fund factor exposure appears to be a very ...

    • Professional
    • Views: 1123
    Read more
  • 101 Formulaic Alphas

    The authors of this Dec 2015 paper present explicit formulas (including computer code) for 101 real life quant trading alphas. They examine the results, detailing also the average holding period, and examining the dependence of these alphas upon volatility and turnover.

  • Value Creation 2.0: A Framework for Measuring Value Creation in Private Equity Investment (INSEAD, 2016)

    The authors of this report begin by discussing the standard framework used by Private Equity practitioners to measure Value Creation sources. They review individual drivers of value identified in academic literature, then they explore different methods developed since the financial crisis to spot sources of PE returns more clearly.

  • 2016 Global Real Estate Trends

    The authors of this paper explore eight key trends that they expect to shape market conditions and investment performance this year and beyond. These are: increases in transaction volume; broadening of investment horizons; continuing yield compression; the return of diversification; occupier performance leading investors; further falls in vacancy; more markets reaching peak rents; ...

Pages

Feedback