As central banks around the world pull back from their crisis era interventions and rates begin to move higher, will global markets will be entering a more normalized phase? If the answer is yes, then we believe that such an environment is conducive to hedge funds (the true active managers) and that as time goes by hedge fund management and active management will become synonymous terms.
Insurance companies around the world had $23 trillion in assets on their balance sheets at the end of 2016, according to research by the Insurance Asset Outsourcing Exchange. Of that total, nearly $2 trillion is outsourced to independent money managers. We expect that this amount will increase as returns in long equities become harder to secure.
Global insurance companies comprise one of the largest blocks of institutional investors, and one that we believe will be growing in importance to alternative investment managers. Some of you may have seen the news this month announcing that Blackstone Group was ramping up its insurance company coverage group.
Please join us on for our first members meeting of 2018, as we shine a spotlight on the insurance segment with two large global insurance firms, Axis Capital and Sompo International in a conversation about asset allocation and manager selection, all expertly moderated by Albourne America, one of the worlds few alternative investment consulting firms.
Speaker: Jay Madia, Head of Risk Assets at AXIS Capital
Speaker: John H Reilly, Senior Vice President within the Investment Group at Sompo International
Moderated by: Arabella Wuchek, Client Relationship Manager for Albourne