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Catégorie :Category: nCreator TI-Nspire
Auteur Author: 2B9877U
Type : Classeur 3.0.1
Page(s) : 1
Taille Size: 2.79 Ko KB
Mis en ligne Uploaded: 07/04/2025 - 15:08:36
Uploadeur Uploader: 2B9877U (Profil)
Téléchargements Downloads: 3
Visibilité Visibility: Archive publique
Shortlink : http://ti-pla.net/a4566790
Type : Classeur 3.0.1
Page(s) : 1
Taille Size: 2.79 Ko KB
Mis en ligne Uploaded: 07/04/2025 - 15:08:36
Uploadeur Uploader: 2B9877U (Profil)
Téléchargements Downloads: 3
Visibilité Visibility: Archive publique
Shortlink : http://ti-pla.net/a4566790
Description
Fichier Nspire généré sur TI-Planet.org.
Compatible OS 3.0 et ultérieurs.
<<
A Watershed in AssetManagement Pre-GFC assumptions (declininginterest rates, essential role of asset managers) Post-2008 reality (traditionalmodel shattered) Industry polarization (low-costindex providers vs. alternative/absolute-return managers) Convergence of traditional andalternative management Understanding AssetManagement: Clients and Products Retail Investors : Individualsinvesting via banks, insurers, advisors, online platforms, Packaged products(mutual funds, ETFs) Institutional Investors : Pensionfunds, insurance companies, charities, public entities, Often prefer customizedmandates or segregated accounts Product Structures Collective Products (PooledFunds) : Open-ended funds (e.g., UCITS), Closed-end funds (private equity,real estate) Segregated Products :Bespokearrangements for single investors, Managed accounts, direct mandates Industry Growth and UnderlyingStruggles Global AuM expansion Bank deleveraging and capitalmarkets growth Low interest rates driving demandfor yield Rising household wealth Growth from market appreciationvs. inflows Fee compression vs. rising costs(tech, talent, regulation) The Squeeze of the Core andthe Surge of Alternatives Traditional benchmarked activestrategies under pressure Growth of passive/index-tracking(ETFs) Emergence ofabsolute-return/alternative strategies (hedge funds, private equity, etc.) Investors seekingdiversification, yield, downside protection Dominance of U.S.-BasedPassive Giants and Global Market Structures Scale in U.S. market Captive distribution channels(banks, insurers) Expertise in passive/brandrecognition in alternatives North America as primary hub,with Europe and Asia also significant Rapid ETF/ETP growth worldwide Pricing Pressures and FeeDifferentiation Fee compression in coreinstitutional segments Retail more fee-tolerant (butfintech competition rising) Alternatives command higher fees(complexity, illiquidity) Six Key Trends Reshaping theAsset Management Industry Individual investors in thedrivers seat (defined contribution, retail growth) Redefinition of returns toinclude ESG/non-financial alpha Expanded, blurred investmenttoolkit (public vs. private markets) Front-office AI adoption (datagathering, algorithmic strategies) Globalization goes local(regional focus, local distribution) Consolidate or capitulate(M&A, scale, new capabilities) Asset Managers CompetitivePlaybook Organic Growth : Newproducts, tech investments, direct distribution Inorganic Growth : Acquisitions/mergersfor scale, capabilities, geographic expansion, Partnerships (insurance, pensionfunds) Why Focus on Alternatives? Higher returns, diversification,unique structures Complexity, illiquidity, higherfees Major career opportunities(private equity, hedge funds, real estate, etc Made with nCreator - tiplanet.org
>>
Compatible OS 3.0 et ultérieurs.
<<
A Watershed in AssetManagement Pre-GFC assumptions (declininginterest rates, essential role of asset managers) Post-2008 reality (traditionalmodel shattered) Industry polarization (low-costindex providers vs. alternative/absolute-return managers) Convergence of traditional andalternative management Understanding AssetManagement: Clients and Products Retail Investors : Individualsinvesting via banks, insurers, advisors, online platforms, Packaged products(mutual funds, ETFs) Institutional Investors : Pensionfunds, insurance companies, charities, public entities, Often prefer customizedmandates or segregated accounts Product Structures Collective Products (PooledFunds) : Open-ended funds (e.g., UCITS), Closed-end funds (private equity,real estate) Segregated Products :Bespokearrangements for single investors, Managed accounts, direct mandates Industry Growth and UnderlyingStruggles Global AuM expansion Bank deleveraging and capitalmarkets growth Low interest rates driving demandfor yield Rising household wealth Growth from market appreciationvs. inflows Fee compression vs. rising costs(tech, talent, regulation) The Squeeze of the Core andthe Surge of Alternatives Traditional benchmarked activestrategies under pressure Growth of passive/index-tracking(ETFs) Emergence ofabsolute-return/alternative strategies (hedge funds, private equity, etc.) Investors seekingdiversification, yield, downside protection Dominance of U.S.-BasedPassive Giants and Global Market Structures Scale in U.S. market Captive distribution channels(banks, insurers) Expertise in passive/brandrecognition in alternatives North America as primary hub,with Europe and Asia also significant Rapid ETF/ETP growth worldwide Pricing Pressures and FeeDifferentiation Fee compression in coreinstitutional segments Retail more fee-tolerant (butfintech competition rising) Alternatives command higher fees(complexity, illiquidity) Six Key Trends Reshaping theAsset Management Industry Individual investors in thedrivers seat (defined contribution, retail growth) Redefinition of returns toinclude ESG/non-financial alpha Expanded, blurred investmenttoolkit (public vs. private markets) Front-office AI adoption (datagathering, algorithmic strategies) Globalization goes local(regional focus, local distribution) Consolidate or capitulate(M&A, scale, new capabilities) Asset Managers CompetitivePlaybook Organic Growth : Newproducts, tech investments, direct distribution Inorganic Growth : Acquisitions/mergersfor scale, capabilities, geographic expansion, Partnerships (insurance, pensionfunds) Why Focus on Alternatives? Higher returns, diversification,unique structures Complexity, illiquidity, higherfees Major career opportunities(private equity, hedge funds, real estate, etc Made with nCreator - tiplanet.org
>>
