Perception A: European asset fund managers are optimistic about growth

Perception A: European asset fund managers are optimistic about growth

6 februari 2024

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New research from Carne Group, a leader in fund regulation and governance solutions for the asset management industry, reveals fund managers expect strong growth in 2024.

Carne Group commissioned research with over 200 alternative asset, equity and fixed income fund managers in 10 countries that collectively manage $1.6 trillion. 83% of managers surveyed expect the flow of new capital into their funds and segregated accounts to increase in 2024 - with 8% expecting significant growth.

73% of the fund managers surveyed expect that the number of new funds launching in their sector this year will be higher than in 2023.

Focus on asset classes

When the fund managers surveyed were asked to select the alternative asset classes they expect to see the biggest increase in fund raising in 2024, private equity was selected by most, followed by renewable energy and hedge funds.

Overall, 28% of the fund managers interviewed expect the level of fund raising by private equity firms in 2024 to increase dramatically in 2024 when compared to 2023, and 50% anticipate a slight rise. The corresponding figures for renewable energy are 30% and 31%, and for hedge funds they are 27% and 29% respectively.

Move to external expertise

Overall, 23% of those surveyed expect a dramatic increase in the use of third-party management companies between now and 2026, with 56% anticipating a slight rise here. The three main reasons for this identified by the research are the ability to launch different product sets, speed to market, and ensuring that they can offer stronger fiduciary management of the fund.

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