Hires by institutional investors more than doubled in the first quarter of 2012 as compared to the same period last year as tracked by P&IQ. There were 348 hires in the most recent quarter as compared to 166 in the year prior.
The bulk of the hires came in alternatives, which represented 208 hires for $17.161 billion. Private equity and hedge funds represented 74% of the asset flow with private equity receiving $6.504 billion and hedge funds receiving $6.175 billion. Real assets and real estate accounted for the majority of the rest with $2.61 billion and $1.847 billion, respectively.
Blackstone, Oaktree Capital Management, AQR Capital Management LLC, BlueCrest Capital Management and KKR won the most business with a combined $3.077 billion.
For all of the details on Q1 2012 hires, visit P&IQ.
