Asset owners to reverse outsourcing decline

Asian institutional investors’ use of fund managers has been declining in recent years, but that trend is likely to reverse over the next three years as investors move into more specialised asset classes, finds Greenwich Associates. On average, the institutions surveyed by the US research house are using 12.9 external managers this year, down from 13.5 in 2013, 15.5 in 2012 and 15.8 in 2011. But they plan to use an average of 15.3 external managers in three years’ time. “The lar…