Fri, Feb 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Asset managers plan to invest in product, distribution and technology in 2014

Monday, January 13, 2014
Opalesque Industry Update - According to the latest research from global analytics firm Cerulli Associates, asset managers and other financial services firms plan to invest in product, distribution, and technology in 2014.

"Most companies are operating on overdrive as they seek to expand and grow their businesses, while maintaining an eye on the bottom line," states Cindy Erickson Zarker, director at Cerulli.

The January 2014 issue of The Cerulli Edge - U.S. Asset Management Edition examines asset allocation and the addition of alternative products, institutional distribution, and how sales, sales support, and client service are working together to win mandates, and how coordinated marketing and product development efforts are maximizing impact and efficiency.

Cerulli's recent survey uncovered firms' focus on profitability as the primary change to their strategies in the next 12 months.

"Growth of assets in low-cost, passively managed strategies, combined with ongoing pressure from investors and fund boards to justify fees in actively managed strategies, require firms to secure new revenue sources," Zarker explains.

"On the other hand, managing costs is as fundamental to profit generation as producing revenue," Zarker continues. "There are meaningful areas where firms can derive cost savings to boost profits.”

But financial services firms also understand the need to spend money to make money. Supporting their 2014 firmwide efforts to innovate new products and services, expand distribution, and build brand awareness requires managers to invest in their businesses.

"Nearly 30% of survey respondents rated investment in technology as a desired outcome of planned organizational changes at their firms," Zarker adds.

Cerulli encourages firms to align distribution, product, and marketing activities to enable managers to maximize their limited resources.

www.cerulli.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  3. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  4. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  5. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012