Wed, Jun 29, 2016
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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.