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After a Record Quarter, Asset Managers Are Hiring and Increasing Compensation

After a Record Quarter, Asset Managers Are Hiring and Increasing Compensation
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Consultants target foothold in fast-growing retail market

Consultants target foothold in fast-growing retail market Updated with correction Traditional and alternative investment consulting firms increasingly are diversifying their predominantly institutional client bases to tap even further into the faster-growing retail marketplace. Industry observers said a cadre of consultants are seeking to offer their standard services including portfolio construction, asset allocation, manager selection, due diligence and outcome-oriented strategies managed with and without discretion to financial intermediaries including wealth managers, retail investment advisers, family offices, broker-dealers and money managers. Among the investment consultants working with financial intermediaries to various degrees and/or have launched their own retail funds include Cliffwater LLC; Mercer; Russell Investments; StepStone Group Inc.; and Wilshire Advisors LLC.

Asset Managers Face Fierce Competition as Passive Boom Outlives the Pandemic

The popularity of passive strategies hasn’t died down during the pandemic meaning European asset managers, like their U.S. counterparts, will need to brace for more pressure on their operating margins this year. According to a new report from Fitch in London, the asset managers that the group rates, including Amundi, Azimut Holding, Man Group, and Schroders, among others, are in a position to weather the challenges, in part because they have strong brands, enough assets under management to be able to continue to invest in the business, and have used only a moderate amount of leverage. Still, Fitch said they and other traditional managers around the world face pressure on margins “in 2021 and beyond due to fee compression driven by fierce competition.”

Asset Management Strategy Advisor Indefi Expands into North America, Names Industry Executive Daniel Celeghin as Managing Partner

Asset Management Strategy Advisor Indefi Expands into North America, Names Industry Executive Daniel Celeghin as Managing Partner News provided by Share this article Share this article NEW YORK and PARIS, April 20, 2021 /PRNewswire/ Indefi, a leading strategy advisor for asset managers worldwide, today announced it is expanding into North America and has appointed investment management industry executive Daniel Celeghin as managing partner, effective immediately. Daniel Celeghin, Indefi managing partner Indefi plans to build a full-service management consulting practice in New York, similar to the firm s Paris-based business, led by Richard Bruyere, managing partner. Celeghin and the Indefi team will serve the needs of current clients as they seek to grow globally; U.S. and Canadian asset managers as they expand at home and abroad; and Asian and Australian companies with asset management ambitions. 

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