Asset managers are facing a perfect storm. A combination of mounting regulatory pressure, the shift to low capital market returns and increasing competition have left margins looking wafer thin.
There are a number of reasons why asset managers are increasingly looking to integrate their performance measurement and risk analytics systems.
In The Art of Perfection series we are exploring what asset managers can learn from the worlds of art, science and studies into the human body.
Asset managers face unprecedented opportunities in today's fast-moving marketplace. There are also a myriad of threats.
An integrated approach is key for effective performance and risk management, but can also do a great deal to help operational efficiency.
Using risk and performance attribution data together to gain better visibility is no new thing - it has been on the agenda since before even the global financial crisis.
Security is a primary concern for any asset manager looking to move their data to the cloud. The perception that this could also lead to a loss of control is another.
Middle offices producing ad hoc reports based on data pulled in from disparate legacy systems still takes place. But, increasingly, this approach falls short of client and regulatory demand.
The asset management industry will continue to face strong headwinds in the years to come, with the need to change the way it operates fundamentally important.
The asset management industry is under intense pressure to handle more data, more often, and with complete transparency.