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Laxman Pai, Opalesque Asia: Despite a host of challenges facing the industry, asset managers project future organic growth, said a study.
While 84% expect to grow, 22% plan to implement changes to their operating models to achieve efficiency and cost savings, said the study by the Northern Trust industry study of 150 asset managers, conducted in partnership with Coalition Greenwich.
The white paper, The Evolving Asset Management Landscape: Only the Fittest Will Thrive, revealed a gap between the strategic priorities of asset managers and their appetite for structural changes that could prepare firms to meet the scale of future challenges ranging from increased competition and the impact of higher interest rates to regulatory change and technology disruption.
The research shows asset managers expect their top internal challenges over the next three years to include performance (59%), talent management (50%), and rising costs (44%). When asked how they expect to achieve efficiency and cost savings, 63% said they would deploy new technology.
"Asset managers continue to face considerable adversity, and we commissioned this study to understand how the asset management industry is evolving," said Grant Johnsey, Head of Client Solutions, Capital Markets, Americas.
"Active, long-only strategies remain an important component in our client's investment mix. Information from this research can help guide our continued development of outsourced trading, investment opera...................... To view our full article Click here
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