Hedge fund-of-funds have returned less than half of their direct strategy counterparts performance. They also trail all other major asset classes.
Gold, silver and platinum's double-digit returns have significantly outpaced traditional asset classes over the past decade.
Major asset classes were in the black for the third quarter of 2010, with U.S. equities and commodities returning more than 11%.
Artio Global Investors' stock price has dropped by almost half since going public last September and has significantly underperformed its peers over the last year.
Money managers, led by declines in BlackRock and Artio Global Investors, which are down more than 30%, have significantly underperformed the S&P 500 year-to-date.
Despite headlines of fiscal crisis, the world economy is still projected to grow more than 4% in 2010 and 2011.
State pension funds' wishful thinking could turn into the taxpayers' worst nightmare. If state pension plans cannot earn their actuarial assumed rates of returns, taxpayers will have to put tens of billions of dollars more into the funds.
Global Islamic fund management AUM
Asset class returns for May
Asset allocations under total portfolio leverage
Job loses at large public money managers
Through the first six weeks of 2010, institutional investors put $9.5 billion into bond funds, according to EPFR Global.
Digging through hundreds of regulatory filings and financial reports for Pensions & Investments' annual issue on the largest 1,000 retirement plans, we uncovered a gem of transparency.
Shares of money management firms have rallied nicely this year.
BlackRock AUM post BGI merger
Asset price changes 1 year after the Lehman collapse
Secondary median bids for private equity funds increased to 43.22% of net asset value as of June 1, from 36.26% at the end of the first quarter, according to a report to be issued Friday.
Historical AUM share by asset class