Music of a different tune is now finding its way into the investment management consultant space. Whereas previous measures of investment manager suitability were based largely around past performance, international and European consultants are now increasingly looking to different methodologies when advising clients on the most appropriate investor of assets.
Consultants may not be a new and sexy option for institutional investors and pensions to leverage off, but their role in the overall selection process of investment managers is transforming who manages assets. Essentially, they are hired by clients to pick the best of the best and to match specific portfolio requests and investment attitudes. The industry is sometimes criticised by...
