News & Comment: European institutions polarising over desirability of alternatives.

Financial Times Mandate, December, 2007 by Steward, Martin

Byline: Martin Steward

The 282 institutions spread across 12 European countries which responded to the JPMorgan Alternative Asset Survey 2007 are set to plough almost 104bn into alternative asset classes over the next two to four years.

However, while existing investors have grown comfortable with their strategies and are now willing to expand and deepen alternative allocations - particularly "real assets" - the un-invested generally remain unconvinced of the merits.

Of the institutions surveyed this summer, 85 per cent of which were pension funds, 25 per cent invested in all three main alternative asset classes - real estate, private equity and hedge funds. Levels of investment in real estate and private equity have remained broadly...

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