A majority of investors and fund managers surveyed by Preqin believe ESG policies will have a positive impact on returns and be more important by 2025. The adoption of new technology is also set to be a growing trend in the next five years. Most investors expect digital advances to significantly improve investors’ reporting and fund operations and, although 59% of fund managers are currently not using big data, 42% expect to use it more over the next five years. However, there is a difference of opinion on regulation, as the majority of investors believe regulation will have a positive effect on alternatives over the next five years, while almost 70% of fund managers view it as having a negative impact.