Asset and wealth management benchmarking insights series - Alternatives
About the alternatives benchmarking series
Our benchmarking series is designed to gather, analyze and share information about key industry trends and metrics. This series is comprised of several reports, each summarizing industry practices related to a particular topic. Topics in this series include financial reporting, valuation, organizational structure and use of service providers, expenses and fund of funds.
The information reflected in these reports leverages the knowledge and experience garnered from providing audit services to leading alternative asset management firms. The reports capture information from over 80 US-based alternative asset management firms across various product types and strategies representing over $1 trillion of assets under management (AUM). Participants primarily have calendar year ends and include a combination of hedge funds, credit funds, private equity funds and other alternative entity types.
We hope that you find the reports in this series interesting and useful as you evaluate your organization on the topics highlighted therein.
Recent reports
Financial Reporting
This report summarizes industry practices related to financial reporting, including timing of reporting cycles and financial statement issuance, financial reporting process and responsibilities, and content and timing of interim investor reporting.
Navigating Uncertainty in Private Investment Valuation: Q4 2022 Snapshot
This snapshot focuses on the impact and anticipated impact that recent uncertain market and economic conditions and increased volatility have had on the valuation practices of alternative asset managers.
Management Companies
This report summarizes industry practices for alternative fund asset management companies, including profitability measurement, budgeting and allocation of expenses, growth and strategic planning, organizational structure, carried interest / incentive fees, and other miscellaneous items.
Valuation methods and metrics FY22
This report summarizes industry practices related to valuation, including timing of the valuation process, use of technology, use of third-parties, methodology considerations, and valuation oversight.
Use of Technology
This report covers following topics on the use of technology by alternative asset managers: technology solutions by process, implementation of emerging technologies, technology culture and governance, technology upskilling strategy, and the impact of the movement to a remote working environment on technology strategy.
Navigating Uncertainty in Private Investment Valuation: Q3 2020 Snapshot
This quarterly snapshot report focuses on the impact and anticipated impact that recent uncertain market and economic conditions and increased volatility have had on the valuation practices of alternative asset managers.
Fund of Funds
This report summarizes a range of topics related to fund of funds, including the reporting process, expenses, valuation, due diligence and operational considerations.
Expenses
This report summarizes industry practices related to expense trends for funds, including expense policies and governance, current trends in fee and incentive structures, and inflationary pressures.
New Fund Trends in Credit
This report summarizes insights on trends related to new credit fund launches, including fund structure & domiciles, fund strategy and lifecycle, management fee terms, incentive structure, capital terms, use of leverage, investor information, service providers, and Tax/ECI considerations.
Organizational structure and use of service providers
This report summarizes industry information related to organizational structure, headcount by functional area and use of service providers and outsourcing model for significant business workstreams.
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Financial Markets’ valuation benchmarking insights
There is increased focus from stakeholders on the valuation process and governance for assets that are not readily marketable or traded on a regular basis.
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