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Alternative Market Briefing

KPMG survey finds optimism among investment managers

Wednesday, July 10, 2013

Bailey McCann, Opalesque New York:

Despite lingering concerns over regulatory and political uncertainty, investment management executives indicate revenues and headcount are on the rise, and they appear more confident about the near-term future. They are poised to increase spending on information technology and many are eyeing merger & acquisition activity or geographic expansion to drive growth. However, legislative and regulatory pressures continue to loom as ongoing business concerns.

For this survey, KPMG asked more than 100 U.S. senior executives representing mutual funds, private equity funds, hedge funds, trusts, managed funds and other type of funds, about their outlook. The survey found that 81% have seen their revenues increase over the past year, up from 60% in last year’s survey, and 84% believe revenues will continue to increase over the next year – up from 69% last year.

The US continues to be the leader of the recovery with more than half of respondents citing the states as a bright spot in terms of asset flows, with the Asia Pacific region following behind at 28%. These improvements are also leading to hiring, 46% of those surveyed said they have added headcount over the last year.

"We're seeing hiring going up throughout the organization," Jim Suglia, national advisory leader, Investment Management, KPMG, tells Opalesque. "Compliance positions and IT are naturally leading the pack given the increased regulatory demand, but positions a......................

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