Inside the Mystery of Brookfield Asset Management

An article in the Financial Times profiles what it describes as the $500 billion “secretive investment firm” Brookfield Asset Management, a Canadian group that grew out of the Seagram liquor dynasty and today “attracts money from ordinary stock market investors, sophisticated public pension systems and sovereign states including Qatar.” “Brookfield began with a $15 m inheritance and a family feud,” the article reports, chronicling the company’s founding by Samuel Bronfman, who “made a fortune out… Read More

The Death of the Traditional Passive Fund

Fidelity’s annual global institutional investor fund survey, released in March, showed that institutional investors plan to turn more toward active strategies and smart beta products in the coming years. This according to an article in Institutional Investor. Of the survey respondents, which included 905 institutional investors in 25 countries, 41 percent of those from large institutions (of between $1 billion and $10 billion in assets) said they expected to increase their allocations to active strategies… Read More

Investors Keep Returning to Hedge Funds

A survey of institutional investors by JPMorgan Chase found that most participants planned to “maintain or increase their overall hedge fund allocations in 2019, following a year during which 68 percent of respondents said their hedge fund portfolios underperformed.” This according to a recent article in Institutional Investor. Over half of the survey’s 227 participants—which included banks, consultants, endowments, foundations, family office, funds of funds, insurers and pensions—said they intend to maintain their hedge fund… Read More

Institutional Investors Model Good Habits for Individual Investors

The investment protocols followed by large, institutional investors, while seemingly cumbersome, can serve as a good example for individual investors of how to avoid making emotionally-based buy/sell decisions. This according to a recent article in The Wall Street Journal. “Encouraging clients to take a more measured and patient approach to managing their assets—rotating out of a concentrated position deliberately rather than selling out of it wholesale, for example—can help them avoid the kinds of mistakes… Read More