Regardless of pension jurisdiction, managing return expectations is driving institutional investors to consider new and more complex sources of return. This requires a holistic approach to investment management, while maintaining access to the appropriate expertise and ability to monitor and oversee all investments in their portfolios.

To access the necessary investment returns cost-effectively, with adequate diversification, oversight and risk control, few investors have the time, expertise and asset base to pull it off.

This paper discusses the issue of diversification for smaller asset pools and guides you through the benefits of multi-manager and multi-investment products and cautions to take with imposters.