Veteran of the funds management industry, Ian Macoun, says that fund managers are in for a shakeup following the recent sharemarket volatility. Macoun, managing director of Pinnacle Investment Management, said that both research houses and superannuation funds are reviewing their lists of managed funds to remove poor performers. According to Macoun, Pinnacle has seen increased levels of interest from superannuation funds looking at managers of alternative funds. He expects the number of boutique firms to grow and Pinnacle has been approached by teams at large institutions looking to change company. Macoun expects that private equity will once again become popular as will vehicles that aim to outperform their benchmark, concentrated and quantitative funds.
