Midsize investors plan to grow specialty allocations; International equity, real estate to gain.(Investing)(Brief article)

Pensions & Investments, October, 2006

NEW YORK - About one-quarter of midsize U.S. institutional investors plan to increase allocations during the next 12 months to specialty managers, according to a new survey by JPMorgan Asset Management. Twenty-five percent of the respondents intend to raise their exposure to international equity, 24% to real estate, 21% to private equity and 13% to hedge funds.

Fifty-one percent of the 194 financial officers of defined benefit plan and non-profit organizations surveyed said they were familiar with the concept of portable alpha, and 44% said they were familiar with absolute return strategies. Still, 11% of fund managers surveyed said they already employ or soon will implement a portable alpha strategy and 24% said they are considering it. More than one-third...

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