2010 Transition Management Survey: Making the Transition

The 432 clients that responded to PLANSPONSOR’s eighth annual Transition Management Survey represent approximately 1,700 portfolio transitions and nearly $200 billion in assets transitioned from January 1 through December 31, 2009.

Why Conduct a Transition? Investment manager performance again remained the top reason for conducting transitions in 2009, cited by 45% of respondents to the survey. This, however, represented a small drop from 2008 (49%). Asset allocation shift was the second-most common reason for conducting a transition, as indicated by 41% of respondents, about the same as 2008. Rebalancing was up slightly in 2009—22% of respondents cited this as the determining factor for the transition, up from 18% in 2008.

Published in PLANSPONSOR May 2010


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While there are not as many providers of portfolio transition management services as there are, say, defined contribution providers, this is an extremely competitive field and the stakes are high. The survey serves two purposes: first, to take the pulse of pensions and other institutional investors which use transition management; and second, to highlight all the providers in the field.