A new survey of more than 300 investors (Global Asset Owner Survey, November 2024) indicates that more than 40% believe ‘like-for-like’ fees for Private Equity managers have decreased in the past three years. Two years ago, however, the figure was just 20%. With many GPs under pressure amid slower fundraising and reduced investor satisfaction with performance, is now the time to press for better terms?
Lire la suite : Time to Press for Better Fees in Private Markets?
Private debt investors are eyeing apparently superior returns in healthcare lending, with funds’ net IRR targets suggesting a premium of more than 300bps versus conventional direct lending strategies. New dedicated healthcare lending funds are also emerging, with larger private debt managers joining a fray that was historically dominated by smaller specialists.
Lire la suite : Diagnosis: Opportunity? Direct Lending in Healthcare
Conventional hedge fund classifications, as taught by bodies such as the CFA Institute and CAIA, are based on asset managers’ investment techniques, processes and instruments: equity hedge, event-driven, relative value, global macro, managed futures.
Lire la suite : Forget Hedge Fund Strategy Labels – Here Are Three Groups that Matter
‘Energy transition’ tailwinds should, it is often argued, boost the prices of particular commodities in the years ahead.
Lire la suite : Energy Transition and the Commodity Investment Conundrum
In a new macroeconomic environment, cost management requires fresh attention from investors. Inflation and higher-for-longer rates have created upward pressure on expenses in a variety of areas, from technology to team member salaries. External manager fees and other costs are, once again, under scrutiny.
Lire la suite : Investors Should Re-evaluate Fees in the ‘Turbulent Twenties’
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