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October 2018
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Institutional Investor (May 17)

2018/ 05/ 19 by jd in Global News

“Having witnessed the Cambridge Analytica-Facebook disaster…. Asset managers are getting behind a new set of voluntary best practices in using data that includes personally identifiable information, or PII.” This January, the Investment Data Standards Organization was launched with members including “data vendors and users, such as hedge funds. It has published a set of standards that it views as a work-in-progress, meant to govern and adapt to the fund industry’s early and exploding use of alternative data.”


Institutional Investor (December 1)

2017/ 12/ 02 by jd in Global News

“Next year’s first review of Europe’s Solvency II regulations has given fund managers and consultants a platform to voice their concerns.” Though “most asset managers agree that the rules have enhances insurers’ understanding of investment portfolio risk” many also feel that the “policymakers mispriced asset risks” leading to unintended consequences. In particular, restrictions that “effectively ruled out some assets which could have provided higher, albeit riskier, returns” have proven particularly odious for annuities.


Investment Week (September 13)

2017/ 09/ 15 by jd in Global News

“UK asset managers have listed numerous concerns surrounding the UK’s upcoming split from the European Union including staffing, delegation and passporting issues.” In jeopardy stands “the UK’s position as the largest asset management centre in Europe” and some European clients have already said “they had chose to contract with managers in other jurisdictions rather than face uncertainty surrounding contracting with a UK-based entity.”


Institutional Investor (August 3)

2017/ 08/ 05 by jd in Global News

“The major shift to passive fund management has increased the need for M&A” so that asset managers can “gain scale and survive increasing pressure” on client fees. The same shift, however, is also deterring potential buyers. “Mergers and acquisitions in the asset and wealth management industry declined in the second quarter,” with the number of deals falling by nearly a third from the first quarter.


Institutional Investor (January 26)

2017/ 01/ 27 by jd in Global News

“It’s not even been a week in office and the Trump administration has already managed to send shivers of excitement through the arcane world of infrastructure investment with talk of new domestic projects…. Not surprisingly, asset managers with infrastructure teams are jumping on the renewed interest in the asset class, holding press briefings and webinars to provide clarity.”


Institutional Investor (November 30)

2016/ 12/ 03 by jd in Global News

“Today’s asset managers are using sell-side research much differently than they did in the past…. A whopping 66 percent of respondents value sell-side research to a small extent or not at all, and 61 percent already are aggregating market sentiment—as  a means of understanding prevailing views or counteropinions—rather than using individual research recommendations.”


Institutional Investor (November 8)

2016/ 11/ 10 by jd in Global News

Are we approaching “the end of research as we know it?” The portion of fees that goes to research (equity or bonds) is a mystery, but the veil will soon be lifted. On January 3, 2018, the Markets in Financial Instruments Directive II will require “that asset managers break out the costs of research from their own management fees and pay for them separately.” The result will probably be “that less research is spewed.” This could bring “potentially wrenching consequences for the research industry and its core users among active asset managers.”


Institutional Investor (April 7)

2014/ 04/ 08 by jd in Global News

In 2013, asset managers “poured a record of $43.7 billion into Japanese equities….and the massive net inflows helped propel the Nikkei 225 index up nearly 57 percent—it’s largest gain in more than 40 years.” As concerns mount about the sustainability of Abenomics, however, “many of those investors have been reversing course.” Nevertheless, some top analysts, such as Mizuho’s Yohei Osade and Nomura’s Jun Konoumi, believe the concerns are overblown and that any consumption tax related slow down will be temporary.