Pensions & Investments is calling on money managers to participate in its annual survey of the largest managers.
The data gathered for calendar year 2023 will shine a light on how various strategies and asset classes fared during a year in which many markets rebounded after a difficult 2022 that featured escalating interest rates and persistent inflation.
All firms managing U.S. institutional, tax-exempt assets are eligible. Pure alternative managers are encouraged to participate to further expand our data sets for the benefit of our readers. The data, and various stories by P&I staff based on the data, will be released as part of a special report in the June 10 issue, as well as a focus on defined contribution managers in the June 24 issue. All of the data, as well as past years, will be in P&I's Research Center at pionline.com/researchcenter.
To request a survey or obtain further information, please contact Anthony Scuderi at [email protected] or 212-210-0140, or visit pionline.com/section/surveys.
Survey data will also be used to help populate the autumn megamanagers special report of the 500 largest global managers, completed in conjunction with Willis Towers Watson's Thinking Ahead Institute.
The year's survey has a few additions. Managers are being asked which disclosure policies their ESG/sustainable investing standards comply with, such as the Global Reporting Initiative. There is also a new open-ended question about ESG and a change to an existing question: "What is your preferred term or phrasing for what has been broadly known as ESG?" and "What differentiates your ESG strategy and have you altered how you market these strategies?"
Private credit was added as part of the overall worldwide asset class breakdown for managers, reflecting the explosive growth in the asset class. In addition, there are now subcategories for private credit for U.S. institutional tax-exempt assets under management: direct lending, privately placed debt, distressed debt, mezzanine debt and other.
Assets managed in India equity and debt strategies were added as part of emerging markets breakdowns, along with the existing question about China assets.
On the defined contribution side, a question has been added about how much is managed in decumulation strategies — ones that provide a guaranteed income component.
And lastly around the surging topic of artificial intelligence, there are several yes/no and open-ended questions about the investment in and use of AI in investing and operations processes.
