Transition Management Gains Traction among Institutional Investors Despite Major Providers' Misdeeds and Exits

NEW YORK, June 24, 2013 /PRNewswire/ -- Half of the institutional respondents to aiCIO's 2013 Transition Management Survey, http://ai-cio.com/2013_Transition_Management_Survey.aspx, profess to fully or mostly trust the transition management industry, versus only 25% from the prior year's survey.

According to Kip McDaniel, editor-in-chief, this defies logic. "You would expect leading investors to be less sanguine about an industry that has lost two prominent providers and suffered several well-publicized transgressions," he said.

One explanation is that the 285 respondents to this year's survey are more confident in their ability to understand transition management versus last year (57% vs. 41%).  Another number worth watching, says McDaniel, is the 100% year-over-year increase in global asset owners who initiated transitions primarily due to investment manager underperformance. "This suggests that transition managers may benefit from growing institutional impatience with managers who fail to add value," he observed.

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