'Have you been doing some research, boss?'
What?! No, not me. State Street.
State Street survey identifies actions alternative asset managers plan to take to meet growing investor demands.
'Oh, okay.'
Good morning,
Er ...
'Who's that?!'
Camilla.
Anyway ...
LONDON, June 16, 2021 - State Street Corporation today announced new research, which reveals that with increasing pressures and demands on returns and reporting, alternative asset managers have work to do to meet the growing needs of institutional investors. The survey found that just 57 percent of the alternative asset managers interviewed said their investment operations are built to scale to deal with increasing volume and complexity. 70 percent believe they will need to increase the amount they invest in data storage, management and analysis; and only 24 percent have already done so.
Christ! I'm sick to death of hearing about investors, man. They're a total pain in the arse. Alternative asset managers should tell them to do one. 'But they want the money from the investors, boss.' There's more to life than money, Voice.
Not much more, obviously, but still ... never mind.
Despite market instability, shifting business models and pressure on asset valuations, the vast majority (82 percent) of alternative managers surveyed believe their organization has been effective at responding to increasing investor demand for transparency and additional types of data. However, when highlighting areas for improvement, 57 percent positively rated their companies data management, but less than half (48 percent) said they have a good level of efficiency and effectiveness in their business' technology systems, which underpins their use and management of data.
Why do they even care? 'They want the money!'
Yeah, yeah.
I just ...
What does Vinny say?
"To avoid falling behind competitors due to data inefficiency, alternative fund managers must develop agile and nimble strategies, while stripping out complexities," says Vincent Georgel-O’Reilly, head of the Alternatives segment, Europe, Middle East and Africa at State Street. "The firms that take a strong technology led approach to meeting the evolving needs of their clients will set themselves apart from competitors. As a result, we expect outsourcing to gain momentum as firms will turn to external service providers to make the best use of their data."
Falling behind competitors? Stop competing! Life is for living. Go for a walk in the park. Eat an ice cream. Have a look at the swans - if you can find some. Jesus! These people.
I'm not doing all this email ... 'Vinny wants to add something.' Oh, I'm sure he does. I mean, he's that type, ain't he?
All right. Come on ...
"The global Thing has accelerated not only ESG integration among alternative managers in EMEA, but also investors' demand on transparency around the ESG profiles of their portfolios," adds Georgel-O’Reilly. "European regulation, such as the 'disclosure regulations' related to sustainability, and the climate-friendly expenditure in the EU's The Thing recovery plan, is set to positively influence European firms ESG investing behaviour in the long-term."
Ha! Whatever.
Ah, that's enough.
Thanks, anyway, Vinny and Camilla.
ENDS
ENDS
ENDS
...
Anything else?
No.
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