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Asset managers return to ‘growth mode’
12 February 2014
Investment performance is the biggest challenge for firms in 2014, according to Linedata’s global survey
Investment performance will be a big challenge for almost half
of global asset managers in 2014, according to a new
Regulation has been a dominant concern for the industry in
recent years but performing well is becoming an equal
The findings of Linedata's survey reveal that regulation was a
top concern for 49% of managers, while 47% said investment
performance was their main challenge.
"As our clients look to their future, it is clear that they are
once again in growth mode and ready to invest globally in IT
initiatives," said Mike de Verteuil, business development
director and member of the executive board at Linedata.
The majority of managers (48%) said maintaining performance
would be their greatest challenge in the next 12 months.
"The regulatory storm that the asset management industry has
weathered in recent years no longer appears as overwhelming as
it may have one year ago," said Linedata in a statement.
Indeed, the industry had some clarity in 2013 over several
regulations including Basel III, Dodd-Frank, and in the EU
Solvency II, Fatca and the Alternative Investment Fund
Managers' directive after years of uncertainty.
Demands of investors were a challenge for just 28% of managers
while only a fifth are concerned about finding new investment
Implementing new technology was also on managers' to-do lists.
More than 40% (43%) of respondents said they were considering
moving a part of their businesses to the cloud, while 33% said
lowering costs is a top challenge.
This indicates that firms are seeking to focus on their core
businesses while slowing external experts to manage their
Data management and compliance solutions were the top IT
priorities for all respondents.
Linedata surveyed firms across Europe, North America and