Smaller institutions should be wary of managing assets internally

After a mass firing and a cease in hiring of external managers during the recent crisis, Asian institutions are again looking to outsource asset management, while at the same time making a long-term decision to boost their internal capabilities, finds a Greenwich Associates report* published this week. Not surprisingly, the level of outsourcing varies among institutions, size being one driver of the decision-making process, says the US research house. But a growing trend toward…