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Research Center Premium is a powerful online resource providing free access to a wide range of data and intelligence taken from Preqin’s online products and services, including:
Preqin Investor Network is a platform available only to limited partners and hedge fund allocators, as well as their external alternative investment consultants.
This database allows all eligible investors to analyze past performance and create custom benchmarks, as well as enabling them to search and view profiles for every fund open to investment or fundraising across the following asset classes: private equity and venture capital, real estate, infrastructure, secondaries, and hedge funds.
Preqin Solutions, formerly Baxon Solutions, helps GPs and LPs automate compilation, analysis and exchange of financial information including a portfolio's operating metrics (financial, KPIs, ESG), investment valuations, as well as investment and aggregate fund performance. The integration of Preqin and other market data sources has enabled benchmarking of performance against public or private markets for internal and investor reporting purposes. Some benefits of the system:
Launched in Q4 2015, Natural Resources Online is Preqin’s first online module focusing solely on the natural resources industry. Natural Resources Online provides detailed information and intelligence on institutional investors, fund managers and fundraising in the industry and much more across the following areas:
Preqin’s Investor Analyst is a powerful analysis tool which enables users to create instant reports comparing a specific investor’s current and planned allocations, preferences and investment plans against a tailor-made peer group. Investor Analyst leverages Preqin’s detailed data and intelligence on institutional investors to quickly generate valuable reports to enhance perspective of the alternative assets investor universe. Some sample uses of Investor Analyst include:
Data from Preqin’s Hedge Fund Analyst online service shows that 2013 was a year of historically low fees among new fund launches. At 1.43% and 17.14% respectively, the average management and performance fees for new launches in 2013 were a long way off the once standard “2/20” fee structure. With the Preqin hedge fund benchmarks showing that the industry generated negative returns in 2011 and below benchmark returns in 2012, these reduced fees were a necessity for many new managers seeking to raise capital.
The 2014 Preqin Global Hedge Fund Report shows that there was a significant decrease in investor satisfaction with regards to fund performance across 2011 and 2012. Forty percent and 41% of investors surveyed at the end of 2011 and 2012 respectively revealed that hedge fund returns did not meet their expectations for the year. Further to this, of the investors surveyed at the end of 2012, only 3% said that returns for the year had exceeded their expectations. These figures offer a stark contrast to the 72% of investors whose return expectations were either met or exceeded in 2010. With 48% of hedge fund managers surveyed at the end of 2012 predicting that fundraising would be a significant challenge in the year ahead, it was unsurprising that 2013 launches boasted lower management and performance fees than seen in previous years.
Since the fallout of 2008, investors have become more selective and have typically been allocating fresh capital to a handful of established names. With an increasingly competitive market, managers launching in 2013 were more concerned than ever with raising sufficient capital to compete. As such, large mandates and seed/early stage investment were cited by managers as the two most common reasons for lowering fees, when over 100 fund managers were surveyed for the 2014 Preqin Global Hedge Fund Report.
2013, however, saw an improvement in hedge fund returns compared with the previous two years, as well as a decrease in expectations from investors. This improvement translated into a vast increase in investor satisfaction. Of all investors surveyed at the end of 2013, a combined 84% said that their expectations for hedge fund returns had been either met or exceeded. With just 23% of fund managers surveyed predicting significant fundraising challenges in the year ahead, the outlook for the industry seems more positive. Will this renewed interest in hedge funds lead to 2014 fund launches attempting to push fees back towards their previous highs? Or are we now looking at a new standard of lower hedge fund industry fees?