The secondary market turns out to be a recent investment preference, according to the firm’s industry perspective
HONG KONG, December 30, 2023 /24-7PressRelease/ — Lagen Investment, a global provider of advanced investment strategies and asset management solutions to forward-thinking investors, with an emphasis on delivering quality and excellence in all aspects of performance, today announced the release of a market overview in which they examined the preferences and future development of invested assets and cash circulation in the multi-manager industry. Most Asian multi-manager initiatives have targeted the secondary market.
According to a recent study from Lagen Investment, funds of funds and multi-manager companies have gradually shifted away from their traditional activity of investing mostly in funds. Rather than relying primarily on core fund investments, they can have access to a broader model of co-investments and secondary market strategies.
“The shift is due to investor sentiment. Many investors want to purchase secondaries, and co-investment offers customers more access and transparency into the assets they hold, which is why it is a condition that can be applied to a significant portion of an investor’s portfolio,” said Lukas Hagen, Investment Analyst at Lagen Investment.
Multi-manager organizations take on the role of an innovation center, with a larger pool of investing talent and a focus on adapting portfolios to investors’ demands. “What matters to our investors is that the transactions, whether new funds, secondary market funds, membership agreements, or co-investments, provide quick exposure. The potential to cover not only the funds but also the assets within those funds is a crucial move. It is a more challenging, higher-value offering that can only be produced reasonably in the secondary market context,” commented Mr. Hagen.
Closed-ended funds are taking longer to raise capital, according to Lagen Investment’s statistical figures, while investors are demanding better returns and more transparency when it comes to the performance of their underlying assets. Multi-managers and funds of funds have raised their quest for capital and outstanding investments as investors have committed more resources to investments in the secondary market.
About Lagen Investment
Lagen-Investment.com is a leading asset management company that provides a wide range of financial solutions comprising guidance, development, and investment strategies. Proprietary research, a collaborative culture, and a great deal of experience define our insights into innovative investing and wealth preservation. We conduct in-depth, on-the-ground fundamental analysis to find the most compelling opportunities with portfolios that are significantly different from benchmarks. From a long-term perspective, our continuous focus, discipline, and track record have been proven in a variety of market cycles. Our open work environment embodies our collaboration and teamwork, fostering openness and diversity of thought that shape optimal decision-making.
Lagen Investment strives to align the fundamental disciplines of the company’s investment philosophy with the individual needs of our clients regarding the growth and preservation of their wealth.
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