Regulation and investment performance key priorities for asset managers

12 February 2014   Category: News, Global   By Asia Asset Management

Global solutions provider Linedata has announced the results of its fourth annual survey on the priorities and challenges facing the global asset management community.

Deploying regulation remains a top concern, but pursuing investment performance ranks as other crucial challenge for 2014

While 49% of all survey respondents cited deploying regulation as their top current priority, 47% claimed investment performance as their main challenge. 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.

With firms placing an increasing focus on how they drive and maintain investment performance, they must also look at their overall business, how they construct portfolios and determine what new products they can offer. When asked what their greatest challenges will be in the coming 12 months, 48% selected maintaining investment performance.

Firms already run business in the cloud – or are considering for the future

With 43% of respondents considering moving some aspect of their business to the cloud, it is clear that firms are looking to focus on their core business while letting their technology be managed by external experts. This also is supported by 33% of respondents stating that cutting costs is a current challenge they are facing.

Data management and compliance systems are primary IT focus

When asked to name the key IT priorities for their firms in 2014, data management and compliance solutions came out on top for all respondents. As firms look to integrate, cleanse, migrate and manage data across platforms, they require systems in place to product accurate and consistent information.

“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. Although regulatory pressures continue to pose challenges for our client base, we remain committed to providing the best-of-breed solutions they have come to expect from Linedata,” comments Mike de Verteuil, business development director and member of the executive board at Linedata.

The survey was deployed during the fourth quarter of 2013. With respondents from asset managers, hedge funds, fund administrators, banks, wealth managers and custodians across Europe, North America and Asia, the purpose of it was to identify the challenges faced in 2013 and the priorities that lie ahead for them in 2014.