Responding to client demand, consultant Albourne Partners Ltd. will add real-assets consulting services in the fourth quarter for its global client list of more than 160 institutional investors.
London-based Albourne began tracking hedge fund managers in 1994, gradually moving beyond data services to offering full consulting services, including portfolio construction, manager selection and performance measurement and monitoring.
Private equity consulting was added a few years ago in response to client requests for consistent advice across all alternative asset classes, said David Harmston, partner and global head of the client group.
The real-asset consulting service covers commodities, oil and gas, timber, agriculture, mining partnerships and infrastructure. Real estate consulting will be added later.
Cam Richards, a commodities specialist and a former chief investment officer of the C$2.9 billion (US$2.7 billion) billion Nova Scotia Association of Health Organizations Pension Plan, Bedford, will head the new practice. The plan is an Albourne client.