Spring Investor Sentiment Survey Report

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Societe Generale’s Spring 2026 report highlights a record 60% investor preference for Discretionary Global Macro strategies, alongside rising SMA adoption and cooling interest in ESG.

Key Takeaways

  • 1.Discretionary Global Macro is the top-ranked strategy for new allocations, with 60% of investors expressing intent to allocate, marking a historic high for the strategy.
  • 2.Hedge fund allocation via Separately Managed Accounts (SMAs) is seeing significant growth, particularly in the Americas where preference rose to 49%.
  • 3.Institutional interest in ESG-related alternative investments has declined globally to 12%, down from 16% a year ago.

Table of Contents

  • Allocator types and portfolio assets
  • Allocation plans
  • Strategy interest over time
  • Separately Managed Account ("SMA") Adoption
  • Environmental, Social and Governance ("ESG") Relevance
  • Conclusion
  • CONTACT INFORMATION

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Authors

David ReganSamantha Sambrook

Themes

Institutional Allocator SentimentHedge Fund Strategy PreferencesOperational Structure (SMA vs Commingled)ESG Retrenchment

Regions

North AmericaEuropeAsia PacificUnited States