From our vantage point as advisers to many of the world's
top investment fund managers and financial institutions, broad
market forces flow through to our instructions, and ultimately
drive many of the terms of the funds we advise.
In this four-part series we look at the current themes we have
noticed in the investment funds market. Parts one and two focus on
Hedge Funds and parts three and four explore Private Equity.
All data, unless referenced, is taken from Walkers' in-house
investment funds survey.
TRENDS
In last year's trends survey of November 2018, we noted that
the optimism stemming from positive returns could only be sustained
if the returns were sustained. Our evidence suggested that managers
were starting to see a little relief from downward fee pressures
and that other signs of investor confidence, such as agreeing to
longer or more restrictive lock-ups, were slowly revealing
themselves.
