Emerging Manager Programs, Mandates on the Rise: Report

The number of institutional investors with a specific mandate to commit money to emerging managers has quadrupled since 2013, according to a survey from KPMG.

The survey, Women in Alternative Investments Report, also revealed growth in the number of institutional investors who had emerging manager programs.

From the report:

* Emerging manager programs are on the rise among investor respondents. Forty percent of this year’s investor respondents have an emerging manager program or fund whereas only 33 percent of last year’s respondents had one.

* This year, ten percent of our investor respondents have specific mandates for women-owned/-managed funds. This is a significant improvement since our 2013 survey in which only two percent of investor respondents had women-owned/-managed mandates.

A few other insights on women and the industry:

* As in prior years of the WAI Survey, women are most often seen in C-level positions in compliance, marketing and financial roles at the funds represented in our survey. This year, women represent 13 percent of CEOs and 19 percent of CIO/Portfolio Managers at the firms represented in our survey, slightly down from last year.

* Twenty-six percent of the women-owned/-managed funds in our study plan to grow their fund to $1 billion or more in assets under management (AUM).