Optimal structures available to multi-managers

Although some advisers feel that they can add value by selecting and monitoring managers, using multi-manager allows more time to be spent on giving advice to clients

There is no doubt that both the retail and institutional investment management industries have grown in sophistication, and the multi-manager sector is a part of this solutions-focused approach. Indeed, multi-manager has at last become mainstream, with both the retail and institutional multi-manager sectors showing significant growth through 2005 and 2006. But multi-manager has become a very widely used term, which now encompasses many types of structures. Broadly speaking, all multi-managers share the same basic starting premise: they aim to add value by offering a portfolio of separate f...