Institutional investors have spoken – the time to change is
now. "Me-too" funds, products
over solutions, and plain old performance - these are the areas in which
institutional investors are demanding change or hedge funds will be left for
dead, a survey has shown.
Almost three-quarters of investors responding to a survey by
SEI Investment Management Services (IMS) complained that there were too many
"me-too" funds in the sector - some seven out of ten of them said
they were looking for new ideas.
Finding a fund or approach that covered a range of objectives
in an investor's portfolio was an important factor, SEI IMS found. Rather than
pitching products, fund managers would be well advised to use an interactive,
problem-solving approach….
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