Operational control in asset management: processes and costs
The global asset management industry has encountered considerable difficulties in recent years. After the credit crisis of 2008-2009, asset managers are now finding themselves in a new phase while the industry is undergoing major changes. The sector has suffered tremendously, as financial markets tumbled, and liquidity, once abundant, became either highly restricted or non-existent. Even when the markets recover, the same level of liquidity and wealth is not expected to be the norm again.
The book addresses the current challenges faced by asset managers. Focus is mainly on the operational aspects of the global asset management industry: its costs and its productivity. In preparing for the uncertainties of the short-term as well as for the long-term growth opportunities, each investment management institution must focus on its cost effectiveness while being as productive as possible. A renewed focus must be set on fundamental disciplines such as risk and cost management.
The book discusses processes, costs, productivity and operational risk issues and examine their interrelationships. Industry experts and specialists provide valuable insights in dealing with pertinent general managerial, technological and cost models. Representatives from academia and the industry present and analyse data collected that leads to interesting new conclusions and recommendations on how to address the challenges faced.
The book is the second in planned series of three, published by SimCorp StrategyLab, resulting from its research programmes within the investment management industry.
Editor: Michael Pinedo, professor at Stern School of Business, NYU
No of pages: 220
Publisher: SimCorp StrategyLab
Publication date: 7 December 2009
The book is available at amazon.co.uk
Contributors to the book include for the most part senior scholars of respected research institutions including; Harvard University, New York University, Stanford University, University of Texas, Austin and Columbia University. Perspectives from the industry are rendered by experts from Goldman Sachs, Deloitte Consulting, TIAA-CREF and SimCorp.
Back to webinar information
