Monday, 20 October 2014
Last updated 5 hours ago
Jun 16 2014 | 9:44am ET
More than half of asset managers will be out of the business by 2030, according to a new report from KPMG.
The casualties will succumb to obsolescence or acquisition, according to the accounting firm. “We are on the verge of the biggest shakeup the industry has experienced, and the message to asset managers is clear: Adapt to change or your business won’t survive,” KPMG global head of asset investment management Tom Brown said.
“We expect to see mass consolidation in the industry and predict that within 15 years there will be half the number of players currently in the market.”
Among the changes shifting the ground under asset managers are technology, taxes, regulation, new geographies and increased competition from new entrants to the space. Indeed, some of the most popular companies with no current interest in asset management could be the biggest threat of all.
“Trusted brands that resonate and appeal to a more diverse client base, as well as the younger generation, may be able to build scale quickly,” Brown told Reuters. “We could see the Apples, Googles, or large retailers of the world becoming the next big powerhouses in investment management.”
Among the opportunities available to asset managers both established and otherwise are new, emerging markets, including China, India, Mexico and Nigeria, where the middle class is growing.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...