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Selector calls on AM firms to improve info output

Selector calls on AM firms to improve info output

Earlier this year, Citywire Selector conducted a study into the service asset management firms deliver to investment professionals.

More than 270 of Europe’s leading fund selectors completed a questionnaire, covering all aspects of the support and service asset managers provide to professional buyers.

Speaking to Citywire Selector, Corpia Group’s Andrej Lippay believes selectors could still be better served when it comes to information and cost transparency from asset managers.

'When we are considering funds for the portfolio, we want as much information as possible and as frequently as possible,' he said.

'Some funds are quite open about their holding structure and this makes it easy for us when considering the risk measures which are quite critical.'

Lippay said it is important to know historical values and historical returns but also to know the possibility of losses, such as risk elements and maximum drawdowns.

'So for me any fund that is open and shares data about specific risk measures, and is happy to communicate with you directly is always welcome.'

'What I found usueful during the Citywire Alt Ucits conference was that you could actually talk to these managers about various topics, which really opened the funds up.'

Lippay also said cost remains a key consideration. 'We are obviously always looking for the lowest, as it is better for client returns – any time there is significant cost saving we have to consider it.

'A lot of the managers I had the pleasure of talking to at the conference were very UK-centric or focused on the British pound, but we are always looking forward to more euro opportunities.

'At the moment we are just in a tough position in the sense of euro interest rates, they are very low so it’s difficult for us to find attractive deals.'

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