If you are an institutional investor or consultant responsible for manager selection, and your job is to find managers that you think will outperform in the future, it may seem logical to look at those managers that have performed well in recent years. But as the adage goes, past [...]
Wall Street is both shrinking and growing at the same time. A report from New York Comptroller Thomas DiNapoli illustrates how financial success does not always translate into employment growth in an era where technology is just starting to emerge to challenge humans for jobs. bones64 / Pixabay Wall Street is [...]
Hiromichi Mizuno, now in his third year as chief investment officer of Japan’s Government Pension Investment Fund, the world’s biggest manager of retirement savings, thinks dramatic changes are ahead for asset managers. While the headlines blare “World’s Biggest Asset Manager Says AI Will Replace Asset Managers,” Mizuno’s own preference for [...]
Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member [...]
Like hedge funds specifically, asset manager fees overall are coming under pressure thanks to the growth of passive, but there is some good news for the sector. 2016 was a terrible year to be in the asset management business. According to research from the Boston Consulting Group, for the first [...]
Not just hedge funds in particular... Asset Managers face growing problems Since the financial crisis, it has been banks that have borne the brunt of regulatory changes, which when coupled with hefty fines regarding pre-crisis actions and near zero interest rates, have crippled profitability. While banks have struggled, asset managers have [...]
Franklin Resources: A good short? The active fund management industry is under siege. After years of underperformance, investors are losing patience with active managers and as the cost of beta drops, assets are flooding to passive managers. The falling cost of beta isn’t the only reason why the active management [...]
A pre-election survey of global institutional investors found an optimistic outlook for 2017 that is being somewhat tempered by the global swell of populist sentiment and political uncertainty that could pose a risk to future growth. The survey was conducted by Dukas Linden Public Relations, a leading financial services [...]
During the first week of July, Asset Managers gained long exposure to equity derivatives and the long end of the US yield curve while selling the short end, a Bank of America Merrill Lynch derivatives positioning report notes. Certain managed money likes the more industrial metal silver and is [...]
The money management industry is already under a significant amount of pressure from the rise of low-cost ETF’s, which are stealing business from relatively high cost underperforming mutual funds. And recently a threat has emerged in the form of Robo-advisers, low-cost asset management platforms that appeal to the younger [...]
With U.S. equity prices nearing or breaking year to date highs, asset managers had decreased their net long exposure to equities by $900 million, touching a three year low in net positioning. Asset managers also sold $33 billion in 10-year treasury notes over the last four weeks, a Futures [...]
The Bar For Asset Managers 'Has Never Been Higher' - CFA Institute Survey Trust Among Investors Higher, But Financial Services Still Ranks Relatively Low Since CFA Institute and Edelman last conducted the Investor Trust Survey in 2013, investors’ trust in the financial services industry to do what is right has generally [...]
Hedge Fund Compensation Trends Hedge fund managers receive enhanced compensation when compared to asset managers, according to a new study from U.K.-based Emolument.com. The study is based on 852 entries based in the USA conducted during 2015 and 2016. 74 percent of those surveyed worked at a form located in [...]
LONDON — October 1, 2015 — A record number of new ETF/ETP providers have entered the US ETF industry in 2015 according to ETFGI 2015 has been a busy time for the ETF industry. A Record Number Of New ETF/ETP Providers Enter The US ETF Industry Nineteen new ETF/ETP providers have entered [...]
As the emerging market sell-off intensifies, Goldman Sachs has put together a list of the public asset managers with the most exposure to emerging markets. Listed asset managers have outperformed the wider market in general since 2009, enjoying the benefit of rising markets, emerging market optimism and investor interest in [...]
As the emerging market sell-off intensifies, Goldman Sachs has put together a list of the public asset managers with the most exposure to emerging markets. Listed asset managers have outperformed the wider market in general since 2009, enjoying the benefit of rising markets, emerging market optimism and investor interest in [...]
Pat Dorsey Follows Buffett's Lessons To Pick Stocks by William Green, Barron's Asia Pat Dorsey ran Morningstar’s equity research department from 2000 to 2011, ultimately overseeing an army of more than 100 analysts. He became fascinated with Warren Buffett’s observation that certain companies possess an “economic moat” -- a sustainable [...]
Karen Shaw Petrou memorandum to Federal Financial Analytics Clients on why asset managers won. TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: June 19, 2015 Man bites dog: large financial institutions beat a big rule! I can’t think of a case in which this has happened since the crisis – all [...]
Long-term mutual fund inflows moderated in May, as active equity and fixed income eased, though passive equity strengthened, notes BofAML. Michael Carrier and team at Bank of America Merrill Lynch in their June 14, 2015 research report titled: “Monthly Mutual Fund Analyzer: Long term inflows moderate” point out that the [...]
Executive summary: New York City remains the preferred headquarters of the global financial services industry. Among the largest private sector employers, however, there is a growing trend to move jobs and business operations to lower cost, more business-friendly environments. Absent public actions to address high costs, high taxes, aging infrastructure [...]
Given the stubborn gender gap well established in the investment industry, bringing more women into the sector will move a long way toward achieving investors’ long-term goals, notes State Street. State Street published a report titled: “Addressing Gender Folklore” after conducting a survey of 864 investment professionals in 19 different [...]
Gender Bias: Part Of The Folklore by State Street Center for Applied Research The investment industry could learn a thing or two from honey bees. Their communication skills are impressively demonstrated by their so-called "waggle dance," which details the distance and direction to valuable food sources. They are extraordinarily efficient [...]
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