In this latest podcast, produced in association with SEI, Michiel Meeuwissen, Head of Hedge Fund Solutions at Kempen Capital Management, and SEI’s Ross Ellis, discuss the evolution of asset management, and in particular two key trends – vulnerable economics, and emboldened investors.
“Client services could be a key focal point going forward for how fund managers might stand out from the crowd and remain relevant,” says Ross Ellis (pictured), Vice President and Managing Director of the Knowledge Partnership in the Investment Manager Services division at SEI, when discussing the third of five trends in SEI’s latest white paper, Evolution in Asset Management.
Punctuated equilibrium, a term used in evolutionary biology to describe long periods of little or no evolutionary change (stasis) interrupted by short periods of significant changes, is also applicable to the wealth management industry, according to a new white paper by SEI Investment Manager Services…
Maintain influence in a more competitive DCIO environment - An industry-shifting approach to gathering DCIO assets
At nearly USD8 trillion, the US defined contribution (DC) retirement market remains one of the largest – and growing – opportunities for asset managers. From 2007 to 2017, net assets grew by 67 per cent, increasing by USD3.1 trillion.
The private debt market is forecast to reach USD1.4 trillion in the next five years. How it evolves will, to some extent, depend on technology innovation, as fund managers look to develop new ways to analyse and value assets, automate processes, and construct customised products to satisfy LPs. In this podcast, Ross Ellis and Chad Longenecker from the SEI Investment Manager Services division, Hank D’Allesandro of Morgan Stanley Credit Partners and Cecile Mayer-Levi of Tikehau Investment Management discuss the role of technology in private debt markets and what future disruption might look like.
To gain an advantage in today’s hyper-competitive world, asset managers must not only evolve their operations, but they must also discover new ways to leverage them. Managers must be operationally adept; particularly in a business that grows more costly and complex, they need an infrastructure that will equip them to better meet client needs, satisfy regulators and compete more effectively.
When reviewing middle-office outsourcing proposals, this comment is not uncommon. However, the inclination to evaluate outsourcing by extrapolating in-house operating budgets and comparing them to outsourcing proposals is an insufficient method for determining the total value of a proposed outsourcing relationship.
The first wave of middle-office outsourcing deals came on the heels of the the credit crisis in 2008. Given this timing, it should come as no surprise that the origin of these first generation deals was driven by cost savings. At the time, middle-office operations was viewed as a necessity but also a cost centre.
An asset manager’s decision to change their operating model and outsource their middle office to a service provider should not be made in haste. From building internal consensus to carefully designing an evaluation process, selecting the best fit for an outsourcing partner is a significant investment.
Digital transformation: Science, not fiction - Science fiction is a beloved and enduring genre largely because of technology’s transformative potential. The best examples leverage this to the hilt and extract as much dramatic tension as possible from the situation.