![]() ![]() These islands have been the essential base for most of the investment banks through the history for the fund servicing activity. The following are the prime locations for the fund industry and are the centres for the majority of the investment activities. Along with the above incentives which generate greater profits, it also gives the opportunity for a class of non-traditional investments which may have been restricted at the domestic locations. These nations offer favourable tax terms in order to draw new business and provide a healthy corporate environment by which they can lure intercontinental wealth across their borders. In the fund industry, there are a number of benefits for moving offshore and a few nations across the globe have taken a spotlight as the “tax havens” for the funds domiciled. Upon which there would be a serious step up in the alternatives management whereby the real assets, private equity and new types of private debt funds would have a stronger hold in the driving the growth within the industry. ![]() ![]() There has been the drift in the investment strategies from an active management towards a more passive and alternative strategy. This has also been showing its after-effects on the transformation of the fee model. There has been this drive for improving transparency since the global crisis with regulators, investors and tax legislation trying to move the things towards a more open and transparent environment in order to avoid the throttles. There has been an increase in the mass affluent and High Net Worth Individuals (HNWI) over the later years coupled with the push from the major players such as the pension funds and insurance companies.Īlong with the positive outlook of the industry comes the challenges which are a concern in a larger spectrum. However, most of the assets would be in US and Europe region but there has been a changing trend in the purchasing power of the nominal income. More recent studies have shown that there would be faster growth in the jurisdictions of South America, Asia, Africa and the Middle East rather than the developed nations of the world. The industry has been expanding in terms of jurisdictions and the investment strategies used with the shift in the trends of the investor base. ![]() Although the industry has been experiencing challenges with changes in regulation, products offered and markets post the global financial crisis. The projections show that the assets under management would amount up to $111.2 trillion by 2020 across the globe which also beats the estimates from the last three years (PwC, 2017). The global asset management industry has been growing by many folds through the last three decades and has some staggering numbers set for the year 2020. One strategy of the firm has been to make 450 of their staff members stakeholders, to varying degrees.Introduction to Asset Management Industry “We will continue to advance in Asia but firstly in the US because the market is so big we cannot ignore it,” he said.Īnother subject covered in the speeches was the retention of talent, in a country which suffers a shortage of skilled staff. While the US, where Alter Domus has 500 staff, remains the priority, Robyns said that Asia was next on the list. He said the goal was to spread the risk by expanding to relevant countries. “We think there’s enormous growth potential there,” he told our sister publication, Paperjam, on Thursday. He said a third acquisition in this market was not underway. In Thursday’s speeches, supervisory board chairman Dominique Robyns reflected on the firm’s progress, mentioning the acquisition of Cortland Capital Market Services and Carta Fund Services in the US. Photo shows the outside of the new Alter Domus office in Cloche d'Or. There are also four terraced areas overlooking the neighbourhood. Care was given to the comfort of staff, with adjustable height workstations and relaxation areas. Guests and press were invited to the inauguration of the 10,000 square metre building which boasts meeting rooms, kitchenettes and offices over 11 floors. Founded in 2003 by former PwC partners as a funds service provider, Alter Domus today counts 2,000 staff members across 18 countries although just 700 will be working in the new Luxembourg offices. ![]()
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