40% of the marketers surveyed in the just-released Infovest21 Marketer Sentiment Survey say the current asset raising environment is “slightly strong” compared with 30% who say it is “flat.” While 20% label it the asset raising environment as “slightly weak,” another 10% say it is “very strong.”
When asked about the asset flow to medium-sized managers, 83% of the marketers said it was still slow with most of the assets still flowing to larger mangers. Only 17% said it was slightly strong.
Global macro continues as top-rated strategy
With 1 representing the highest ranking and 15 the lowest, marketers continue to rate global macro the strategy attracting the most interest from investors. It had a score of 2.9. In the prior two quarterly sentiment surveys, global macro also attained the top spot.
Long/short moved up to the second spot with a score of 4.0 Activists climbed to the third spot from close to the bottom of the list last quarter with a score of 4.3.
Lois Peltz, president of Infovest21, commented,"Strategies having a higher ranking this quarter i.e. attracting more investor interest were long/short, multi-strategy, merger arbitrage, energy, activists and stat arb. Meanwhile, multi-strategy, fixed income arbitrage, convertible arbitrage and asset based lending had lower rankings this quarter."
Rankings for global macro, managed futures, market neutral, and statistical arbitrage were about unchanged from last quarter.
Global macro 2.9
Long/Short 4.0
Activist 4.3
Energy 4.7
Emerging markets 4.9
Managed futures 5.3
Merger arbitrage 6.9
Multi-Strategy 6.9
Market neutral 7.0
Fixed income arb 7.0
Distressed 7.1
Statistical arb 9.3
Convertible arb 9.4
Asset based 9.9
Short bias 10.0
The above are excerpts from Infovest21’s quarterly sentiment survey of marketers. Full results appear in the current issue of Investor Focus.
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