Alternatives Experience Increase


    Alternative investment managers worldwide experienced an 11 per cent increase in assets under management in 2014 to an aggregate $6.9 trillion, says data from Preqin. Private equity, which includes private equity-style real estate and infrastructure funds, totaled $3.8 trillion as of June 30, up 8.6 per cent from a year earlier. Hedge funds totaled $3 trillion, up 13.5 per cent from a year earlier; real estate was $742 billion, up 12.9 per cent for the year ended June 30; and infrastructure was $296 billion, up 21.3 per cent from a year earlier. Private real estate funds returned an annualized 16.7 per cent. However, 66 per cent of fund managers now believe it is harder to find attractive investments opportunities compared to 12 months ago and 54 per cent of private equity managers believe the private equity market is more competitive now compared to a year ago.