Hedge Funds

Alternatives keeping US consultants busy

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Consultants expect hedge funds, private equity and real estate to drive 20% of all search activity and 26% of new or expanded mandates this year, according to a new survey from Casey Quirk Consulting.

This year 30 investment consultants, representing $9.7 trillion in assets under advisement from US investors, participated in the survey. In 2011, the respondents conducted nearly 5,000 searches and placed a total of $370 billion in mandates. This was a moderate, yet expected, decline following the policy rebalancing many institutional investors and intermediary home offices conducted in 2010, in the wake of the global financial crisis,