Emerging managers seeing renaissance among investors

From pionline: Some of the world's largest pension funds are increasingly turning to emerging managers to generate alpha, particularly in alternative asset classes where more nimble players might have an edge.

“There is renewed interest in emerging managers, stemming in general from investors looking for diversity among managers — not necessarily just on an outperformance level but also (in terms of) diversity in investment ideas, which may be coming from smaller firms,” said Andrew Junkin, managing director at investment consultant Wilshire Associates Inc. based in Denver.

Furthermore, major organizational changes at larger firms have led some investors to opt for smaller managers “with the view that they may be more nimble in certain areas of the market,” Mr. Junkin said. “Smaller managers can provide organizational stability, and more of them tend to fall into the (women and minority business enterprises) category…..”

Read all about it at http://www.pionline.com/article/20121029/PRINTSUB/310299980/emerging-managers-seeing-renaissance-among-investors&%20Investments