South Norwalk, CT (PRWEB) October 24, 2016
2016 is shaping up to be a year where the facts don’t support the popular view that the alternative asset management industry is struggling. While it is true that hedge fund performance is weak, managers are continuing to find themselves in the regulatory spotlight and long-standing managers are calling it quits, hedge funds are one of seven alternative asset classes investors use to diversify exposure and generate less correlated returns.
Convergence’s Q3 2016 update on the Alternative Asset Management Industry provides original insights into the alternatives industry. Convergence measures the overall health of the “Alts Industry” by analyzing the data it collects from multiple sources in the marketplace on 17,000+ Advisors and their 51,000+ Private Funds. During the past 9 months, RIAs filed 29,000 updates to their Form ADV indicating a greater level of compliance with the SEC’s guidance on filing updates upon the occurrence of material changes to their business model.
Please go to http://convergenceinc.com/news-blog/ for more detailed information or call John Phinney, George Evans or George Gainer at 203-956-4824.