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Fourth Quarter Roundup

In This Issue
Domestic Equity | Domestic Fixed | Real Estate | Global | Int'l Equity | Int'l Fixed | Other | Alternatives

Investment Management Weekly’s 4Q07 manager search roundup includes completed manager search *data compiled between Oct. 1 and December 31, 2007. The compilation includes information on completed manager searches in the U.S. equity, fixed-income, international equity, alternative investments and real estate asset classes.

*The information in this supplement has been assembled from various sources—including IMW— and is deemed accurate and reliable, but cannot be guaranteed.

This supplement is an approximation of mandates awarded, as reported by plan sponsors and investment managers, during the fourth quarter of 2007.

The amassed data shows that 75 institutional funds placed roughly $34.8 billion with 173 money managers in the fourth quarter of last year.

During 4Q06, approximately 59 institutional investors shelled out roughly $19 billion to 156 money managers for various investments. The third quarter of last year showed that 82 plans hired 205 managers to oversee roughly $26 billion.

Search activity during the fourth quarter of 2007 shows that:

  • Plan sponsors awarded roughly $6 billion to domestic equity managers. In 4Q06, managers received approximately $4.8 billion to invest in the asset class. This figure slightly surpasses the $4.7 billion reported last quarter.
  • For international equity, managers received $2.8 billion during the last quarter of the year, an increase from the $1.5 billion invested during the same period in 2006.However, this is a decrease from the third quarter of 2007,when managers received $5 billion.
  • Bond firms were awarded $1.5 billion throughout the fourth quarter of 2007, trumping the $1.4 billion in new fixed-income mandates during 4Q06. This figure pales in comparison to the $3.1 billion bond asset managers received during 3Q07.
  • Institutions placed $5.1 billion with real estate managers during 4Q07,on par with the $5.4 billion seen during the same time last year. During the third quarter, funds placed $3.9 billion in the asset class.
  • Investments in the alternatives space surpassed those seen in all other asset classes, reaching nearly $20 billion during 4Q07.This is an increase from the $6.2 billion seen during 4Q06.Totals from the third quarter of 2007 showed that $9.3 billion was placed in the asset class.



Investment Activity by Sector
(Industry activity for Q4 2007, with disclosed values in millions)