More than 95% of U.S. public pension funds employ investment consultants, according to study by Coalition Greenwich
June 10, 2024
Benefits Canada reports that a recent survey by Coalition Greenwich shows more than 95% of U.S. public pension funds now employ investment consultants.
According to Benefits Canada, the survey included 708 individuals from 575 U.S. institutional investors, and highlights a significant rise in the use of these consultants.
They also report that the survey found that 85% of institutional investors used a consultant in 2023, up from 81% in 2018 and 66% in 2014, with nearly two-thirds of respondents relying on them for ongoing oversight.
The article states that almost 80% of asset owners negotiate fees with managers, and that this trend underscores the growing consolidation and influence of investment consultants in the market.
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