Asset owners weigh more inhousing over poor performance
The poor performance of several active fund strategies such as value funds and alternative risk premia have led more investors to consider inhousing more of their investing resources.
Poor performance by expensive external managers, particularly value and alternative risk premia funds, is leading more Asian asset owners to consider when and how to in-house more of their investment management.
Active regional value-focused equity funds charge higher management fees than general investment strategies, yet they have generally performed worse.
The average stated annual fee for an Asia ex-Japan All Cap Value equity separate account was 0.8%, yet the MSCI Asia…
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