UK - Hymans Robertson is scrapping its The Big 50 overview of institutional fund managers as it feels it is no longer relevant.
Hymans co-head of manager research Vince McEntegart said the annual survey, which has been carried out for more than 10 years, had become a victim of pension funds’ move from balanced to specialist management.
He said that during the 1990s, the number of fund managers covered by the survey “wasn’t massive” and that it was a straightforward matter, as the majority of institutional fund managers were running balanced mandates for schemes.
However, the survey has grown to encompass more firms as schemes have increased their use of specialist managers. As a result, Hymans feels it is no longer relevant and instead, it will publish a series of surveys aimed at determining the 20 biggest pension fund managers within specific asset classes.
The asset classes covered will include UK equities, global equities and fixed income.
McEntegart said: “We’ve been conscious that it has become less relevant. The more schemes have moved over towards specialist management, the less relevance the survey had.”
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