Human Resources

Specialty Services

Global Liquid Alts

Aon Hewitt Investment Consulting has been advising and helping its clients implement liquid alternative strategy portfolios for more than 10 years. Our global research group has worked with a wide range of clients - public and corporate pension plans, endowments and foundations - in North America and Europe, to place and oversee over $25 billion in hedge funds and other liquid alternative strategies.

Our research covers a wide array of strategies not easily categorized by a single label. In the 500+ manager meetings we conduct annually, we assess a broad range of products, including

  • Equity long/short hedge funds (including market neutral)
  • Event driven hedge funds (including distressed)
  • Credit long/short hedge funds
  • Global macro strategies (discretionary and systematic)
  • Relative value strategies
  • Multi-strategy hedge funds
  • Commodities funds
  • Active currency funds
  • Global tactical asset allocation funds
  • Hedge fund of funds

We also conduct research into products that may be classified broadly as absolute return and real return strategies.

Our Services

We work with clients in a number of ways, customizing our services to each client's needs. Some of the services we provide include:

  • Strategy development and portfolio construction
  • Manager identification/sourcing
  • On-going investment monitoring
  • Educating staff and trustee/committee members
  • Conducting manager searches
  • Reporting on aggregate risk exposures
  • Operational due diligence

Our Strengths

Aon Hewitt Investment Consulting has assisted many of our clients in expanding their asset allocation structure to include liquid alternative strategies for the first time. We also have worked with many clients to develop and oversee dedicated liquid alternative strategy allocations. We offer our clients a number of differentiating features.

  • Clear Philosophy. We view liquid alternative strategies not so much as an asset class, but as a series of strategies with their own unique qualities. We seek to understand the specific needs of our clients and identify those managers and products best suited to meet those needs.
  • Global and Diverse Research Perspective. Our 13 person dedicated liquid alternatives team consists of researchers based in New York, Chicago and London – our aim is to find the very best managers globally for our clients. We also draw on the skills of other asset class specialists from our Global Investment Management Team when beneficial.
  • Integrated and Comprehensive Alternatives Team . Our liquid alts team, which is comprised of professionals with complementary backgrounds, is able to draw upon the insights of the broader alternatives team, which includes dedicated specialists in real estate and private equity. Our alternatives team blends professionals with a wide variety of experience, including investment managers, consultants, accountants, and researchers. This allows for continuity of coverage across the investment opportunity set in the broader alternatives arena.
  • Access. As one of the largest investment consulting advisors in the industry, Aon Hewitt Investment Consulting enjoys excellent access to hedge funds. Many funds which are closed to other investors are prepared to consider accepting capital from Aon Hewitt Investment Consulting clients.