Sun, Apr 26, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner