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.
  • 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: 2892
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  • 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: 2546
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  • 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: 1123
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  • 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: 2826
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  • 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 ...

  • Kames Capital

    A new approach to property investment (Kames Capital, 2018)

    There are various ways for pension schemes to invest in property. The largest investors can buy physical properties, although most schemes favour pooled funds or multi-manager solutions. These approaches bring risks of underperformance and illiquidity, while the high costs of trading means schemes rarely switch providers until it is too late. The unique nature of property as an ...

  • eVestment

    Private Markets Due Diligence Survey 2018 (eVestment)

    Now in its third year, eVestment's 2018 Private Markets Due Diligence survey explores the perspectives and practices of investors, consultants and fund managers on a range of topics related to the due diligence and fundraising process. The findings highlight that despite the desire for increased exposure to private markets funds, investors are not loosening due diligence ...

  • Preqin

    Private Debt Spotlight (Preqin, Feb 2018)

    This month’s Spotlight covers the 2017 Fundraising Market, Investment Consultant Outlook for 2018, Industry News, Largest Fund Managers, How Investors Source and Select Funds, and much more! To receive Preqin’s free monthly newsletters directly in your inbox, simply click here to ...

  • eVestment

    Enhancing Private Equity Manager Selection with Deeper Data (eVestment)

    The importance of selecting top quartile private equity funds has never been more clear – there is a significant cost of not being in these funds and historically those below the top quartile have not materially outperformed public markets. This white paper explores the research and data behind why top quartile returns are in the hands of the investor and presents advice and ...

  • 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: 1293
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  • 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: 1481
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  • 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: 1504
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  • 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: 1296
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  • 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.