Overall hiring activity tracked by Pensions & Investments fell 16.3% to $214.5 billion in 2020. The total number of hires increased to 2,424 in 2020 from 2,220 in 2019. Hires for traditional and alternative asset classes fell 10.4% and 18%, respectively. Activity dipped slightly in the first quarter, but was relatively unaffected by the COVID-19 pandemic. As with prior years, commitments to alternative investment vehicles made up the bulk of the mandates, reaching an all-time high of 1,659, up from 1,493 in 2019. Infrastructure had 146 hires, more than double the level five years ago.
Real growth: Assets committed to infrastructure have steadily grown over the past 10 years, doubling the amount from five years ago. The number of hires also jumped, from 13 hires in 2010 to 44 hires in 2015 and 133 in 2020.
Author(s): AARON M. CUNNINGHAM
Publication Date: 25 January 2021
Publication Site: Pensions & Investments