Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Administration August 2, 2011
Manager Hires Increasing in Real Estate and Alternatives
August 2, 2011 (PLANSPONSOR.com) - Institutional hires in alternative investments and real estate increased in the first two quarters of 2011 at the expense of domestic active equity and fixed income.
Reported by
Rebecca Moore
Eager, Davis & Holmes’ Tracker Hiring Analytics database shows alternative investments comprised 42% of placements in 2011’s first two quarters compared to a 37% average over the past six years.
“Investments that address special situations or are favored in an inflationary environment are seeing more hiring activity,” said David Holmes, Partner at Eager, Davis & Holmes, in a press release. “Examples are oil and gas, commodities, timber, real assets, credit, and bank loans.”
Holmes added: “The other side of the coin is that domestic active equity placements are down 42% in dollar terms for new mandates in the first two quarters of 2011 relative to 2010. U.S. active fixed income mandates are down slightly from 2010, but with strong hiring activity in some fixed income styles, including core plus, bank loans and credit-oriented mandates.”