Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali