The Markets July 9, 2012

Real Estate Number One Alternative Asset of Pension Funds

 Total alternative assets managed on behalf of pension funds by the top 100 managers (ranked by pension fund assets) was $1.2 trillion in 2011.
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According to Towers Watson’s Global Alternatives Survey, this represents 49.2% of the approximately $2.5 trillion total assets under management (AuM). Of the asset classes in the survey, real estate remained the largest block of alternative assets for pension funds (39.7%), followed by private equity fund-of-funds (18%), private equity (14.1%) and hedge funds (9.8%).  

Total alternative assets managed on behalf of all clients by the top 100 managers was $3.14 trillion. Pension funds represent one-third of the total AuM, followed by insurance firms, sovereign wealth funds and foundations and endowments.  

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Of all alternative asset classes report, real estate is the largest block (35%), followed by private equity (22%), hedge funds (21%), private equity fund-of-funds (9%), fund of hedge funds (6%), infrastructure (4%) and commodities (3%).  

As for where assets are invested, North America accounts for the largest share of alternative assets, followed by Europe and Asia Pacific.  

The Global Alternatives Survey report can be downloaded from http://www.towerswatson.com/research/7415. 
 

 

Products July 9, 2012

Financial Advisers Launch bluepoint Investment Counsel

Michael Hull and Patrick Hull have launched bluepoint Investment Counsel LLC.
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Based in Madison, Wisconsin, bluepoint Investment Counsel is largely focused on the needs and issues of higher education institutions, nonprofits and the ultra-high-net-worth marketplace. The firm will leverage the capabilities of Dynasty Financial Partners.  

The Hulls provide assistance in the areas of investment policy, portfolio design, investment selection and performance monitoring. They have experience providing fiduciary guidance to public pensions, universities, fraternal organizations, health care organizations, retirement plans, nonprofit entities and endowment funds.   

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The Hulls created bluepoint after leaving Morgan Stanley Smith Barney where they had been institutional consulting directors of Graystone Consulting. Ariana Neuner and Kent Costello, financial advisers previously with Graystone Consulting, are joining them. Lauren Kelly, chief financial officer, and Natasha Augustine, senior investment analyst, are also joining bluepoint from Morgan Stanley Smith Barney.  

bluepoint is the 14th independent advisory firm to join Dynasty’s wealth management platform, and brings expertise in both institutional and private families to the Dynasty Network of advisers.  

More information is here. 
 

 

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