The report, released in November, was compiled from a survey of three sets of key players: long-only and alternative investment managers; pension funds; and administrators of long-only and alternative investments. Their responses have revealed three key trends.
The first is the convergence between long-only and alternative investments, as more participants in each are adopting the techniques of the other. Secondly, that between alternative investments themselves, with private equity managers and hedge funds becoming more closely aligned. Lastly, the convergence within asset classes, such as when a fund expands its portfolio into new regional markets. "Up to now, convergence has...
