How is the universe of emerging managers today different than in 1990, when Progress was founded?
In 1990, we launched the business of managing emerging managers with 80 firms in our database, or approximately 10% of the companies we track today. These early emerging investment managers mainly offered traditional equity and fixed income products. Today, the Progress database includes talented, experienced emerging firms operating across the risk/return spectrum in every asset class. Then, the market sought out emerging firms primarily to meet a need for diversity in their lineup of investment managers. Now, while diversity still is an important ancillary goal for some investors, the primary goals are portfolio diversification, new ways to generate alpha, and the potential performance advantage of smaller, entrepreneurial investment firms. When our company was born, “small” often was incorrectly perceived as synonymous with poor quality, lack of experience and corresponding high risk. In the middle of the first decade of the 21st century, “small” has an entirely different connotatio
Related Questions
- What is different about recruiting senior managers in emerging countries as opposed to the major centers of commerce?
- What is different about recruiting senior managers in emerging countries as opposed to larger commercial centers?
- How is the universe of emerging managers today different than in 1990, when Progress was founded?
