In transition

The number and dollar amount of transition management events increased significantly in Australia during 2009 and the first quarter of 2010, according to specialist providers. The uptick in business was due largely to an overhang of transitions that were put on hold during the worst periods of market volatility in 2008 and the early part of 2009.

Once markets stabilised and transitions resumed, asset owners were motivated by a desire to terminate underperforming fund managers, consolidate