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Laxman Pai, Opalesque Asia: With increasing pressures and demands on returns and reporting, alternative asset managers have work to do to meet the growing needs of institutional investors, said a survey.
According to a State Street Corporation survey, 70 percent of the alternative asset managers interviewed believe they will need to increase the amount they invest in data storage, management, and analysis; and only 24 percent have already done so.
The survey found that just 57 percent of the alternative asset managers said their investment operations are built to scale to deal with increasing volume and complexity.
Despite market instability, shifting business models, and pressure on asset valuations, the vast majority (82 percent) of alternative managers surveyed believe their organization has been effective at responding to increasing investor demand for transparency and additional types of data.
However, when highlighting areas for improvement, 57 percent positively rated their companies' data management, but less than half (48 percent) said they have a good level of efficiency and effectiveness in their business technology systems, which underpins their use and management of data.
When it comes to how alternative fund managers feel current increased uncertainty and risk has impacted confidence in their sector; 44 percent believe it has increased, 27 percent think it has fallen and the remainder (29 percent) feel there has been no change.
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