03 August 2017
Reporter: Jenna Lomax

Private equity and real estate attracting increased interest, says Davey

Asset allocations in private equity and real estate increased in early 2017, according to Matt Davey, head of business solutions at Societe Generale Securities Services (SGSS), as the French bank ramped up its discussions with asset managers facing increasing pressure to find value in their servicing partnerships.

Davey said he had seen a “big increase in private equity and real estate investments”, particularly in Q1 2017.

State Street’s Global Exchange Private Equity Index, which tracks more than $2.5 trillion of private equity investments, showed that investment is on the rise.

The bank reported a 3.95 percent increase going into 2017, its highest quarterly return in two years.

High-net-worth investor intelligence provider Tiger 21, meanwhile, noted investment into private equity increasing to 21 percent in its Q2 2017 asset allocation report.

Elsewhere, Tiger 21 found that real estate investment hit a record high in the last quarter, totalling 33 percent of its members’ assets. At the same time, hedge fund allocation decreased 4 percent from Q2 2016.

Davey went on to discuss how SGSS is working with asset managers to add value to their operations behind the scenes.

He said: “We’re focusing on the product set and on understanding what value we can add to asset managers.”

For example, the French bank’s trade execution service reduces cost for asset managers and achieves “the best execution in compliance with MiFiD II”.

The full interview with Matt Davey will be available to read in the next issue of Asset Servicing Times, published on 9 August.

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