STAMFORD, Conn., Dec. 15, 2010 /PRNewswire/ -- The new issue of aiCIO, published December 15, alerts readers to five asset managers poised to break into the fixed income elite.
"The Big Three of fixed income – PIMCO, BlackRock and WAMCO – will continue to be dominant players, but a new generation of entrants into this select group is clearly on deck," said Kip McDaniel, aiCIO editor.
According to McDaniel, most of these managers are not household names even among many sophisticated institutional investors. AiCIO's list of rising stars includes Centerbridge Partners, Convexity Capital, Guggenheim Partners and NISA Investment Advisors. A fifth member, Standish Mellon Asset Management, was formed in 1933 and is better known.
"All of these managers benefit from a growing preference among some institutional investors to use smaller asset managers for fixed income mandates," McDaniel observed. "To a certain extent, this tendency is a continuing after-effect of the credit crisis."
He noted that another common attribute of this select group is its key people. "Whether they are from academia, are alums from other notable managers or hail from major investment banks, these individuals possess a distinct and passionate vision as to how fixed income should be managed."
The new issue of aiCIO (formerly ai5000) also includes interviews with Modern Portfolio theorist Harry Markowitz, and Ray Kanner, head of the nation's largest corporate pension plan, as well as contrarian articles on Warren Buffett's designated successor and the need for institutions to revisit their asset allocation assumptions.
A quarterly print and online publication, aiCIO focuses on the 5,000 largest pools of capital in the world, across pension plans, sovereign wealth funds, endowments, foundations, insurance funds and other leading institutional investors. aiCIO is edited by Kip McDaniel.
About Asset International
Asset International is a privately-held provider of information and technology to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Its industry-leading brands include Strategic Insight, SIMFUND, PLANSPONSOR, PLANADVISER, Global Custodian, and The Trade. The company was acquired in January 2009 by Austin Ventures and has offices in New York, Hong Kong, London and Stamford, CT.