US dollar volatility in 2025 and evolving macroeconomic conditions have led many investors to re-evaluate FX management. Yet, even as strategies evolve, bfinance data highlights weak oversight of costs in this space. Only one in five asset owners routinely review FX-related expenses, according to a recent poll, and many simply do not assess this subject at all – resulting in potential multi-million-dollar cost leakage for many pension schemes and other institutional investors.
Weiterlesen: As Investors Rethink FX, Are Hidden Costs Being Overlooked?
One-year returns are back in positive territory for Core and Core-plus real estate funds, while industry figures continue to encourage a narrative of asset class resurgence after a historic dislocation.
Weiterlesen: Back in the Black? Real Estate 'Recovery' Raises Strategy Selection Questions
How can investors guard against the risk of underperformance in semi-liquid private market funds? While some degree of liquidity-related performance drag may be intrinsically necessary (and indeed acceptable), sub-optimal practices can greatly exacerbate the risk of inferior results. Tight scrutiny of governance, liquidity management and cost can help to close the gap.
Weiterlesen: Investors Must Scrutinize ‘Performance Detractors’ in Semi-liquid Private Markets
In today’s pursuit of diversification without sacrificing liquidity, wealth managers are offered a new generation of liquid private markets funds – vehicles that propose institutional-style exposure with retail-friendly access. Structured with daily, weekly, or monthly redemption terms, these products aim to meet growing demand for private market exposure without the traditional ‘lock-ups’.
The high cost of illiquid investments has long represented a key area of focus for investors. Yet, despite some positive developments in transparency and benchmarking, one crucial aspect of cost management is still commonly overlooked: validation. In practice, many investors rely solely on managers' calculations, with in-house reviews typically prioritising overall fee levels over accuracy checks. Our analysis suggests this approach can leave a governance blind spot that may prove costly over time.
Weiterlesen: Are your Private Market Investment Fees correct?
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