Comments on: Survey reveals over half of European institutions are “convinced non-investors” in hedge funds http://allaboutalpha.com/blog/2007/11/29/survey-reveals-over-half-of-european-institutions-are-convinced-non-investors-in-hedge-funds/ A finance blog about hedge funds, portable alpha and alternative investing. Mon, 13 Feb 2012 11:26:54 +0000 http://wordpress.org/?v=abc hourly 1 By: James http://allaboutalpha.com/blog/2007/11/29/survey-reveals-over-half-of-european-institutions-are-convinced-non-investors-in-hedge-funds/comment-page-1/#comment-57043 James Fri, 30 Nov 2007 15:16:44 +0000 http://allaboutalpha.com/blog/2007/11/29/survey-reveals-over-half-of-european-institutions-are-convinced-non-investors-in-hedge-funds/#comment-57043 Hi Two small observations In the UK pensions industry, it is more common for companies to use investment consultants than it is in almost any other country - partly to do with legislation and events (Myners in the early 00's) Hence the disparity between the UK and other countries. Secondly, Investment consultants are not doing quite as well as you may think in the UK. A few reasons: Poor management (WW was a partnership, when this was removed a few people became very rich and most didn't). All the other major ones have management issues. LDI/Banks. Many highly qualified staff have left consulting and joined investment banks, for pension solutions teams. Others have joined asset management LDI teams given the requirement for actuarials skills there. There has been huge staff turnover in the industry for some years now. Hi

Two small observations

In the UK pensions industry, it is more common for companies to use investment consultants than it is in almost any other country – partly to do with legislation and events (Myners in the early 00’s) Hence the disparity between the UK and other countries.

Secondly, Investment consultants are not doing quite as well as you may think in the UK. A few reasons:

Poor management (WW was a partnership, when this was removed a few people became very rich and most didn’t). All the other major ones have management issues.

LDI/Banks. Many highly qualified staff have left consulting and joined investment banks, for pension solutions teams. Others have joined asset management LDI teams given the requirement for actuarials skills there. There has been huge staff turnover in the industry for some years now.

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