Cerulli: Portfolio Construction Shift Spells Subadvisory Opportunities.

The article reports on the opportunities being opened up for asset managers in the subadvisory market due to shifts in traditional portfolio construction, according to Cerulli Associates. The company estimates that assets under the subadvisory category, including those for mutual funds, variable annuities and separately managed retail accounts, will reach 3.3 trillion dollars by year-end 2014.