This Institutional Asset Manager special report, produced in association with SS&C Advent, looks at how cloud technology is helping the asset management industry re-imagine it’s operating model to become more proactive and agile in meeting client needs
The 'Cloud technology - Re-imagining the asset management operating model' special report comprises four separate articles listed below, these can be read individually or as a sequence.
Moore’s Law has seen an explosion in technology innovation and given rise to a golden age of information sharing. Social media platforms have changed how we think about communicating to such an extent that the asset management industry has had to re-imagine its operating model: the old- fashioned model of running IT operations internally, one could argue, is no longer the most appropriate model for today’s hyper- connected world.
The concept of a single data set, sometimes referred to as a golden source of data or single version of the truth, has existed for quite some time. Asset managers have built multi-system IT architectures to handle data management as their product suites have expanded, often leading to a Frankenstein-like operating environment; one which is manually-intensive and cost-intensive.
On 2 February 2018, global stock markets suffered their first serious bout of the jitters for some time. The Dow Jones Industrial Average fell 665 points to end the day down more than 2.5 per cent as the market reacted to a potential interest rate hike by the US Federal Reserve. The volatility continued, when, on 5 February, the FTSE 100 fell 3.5 per cent during the day before recovering to end the session down 1.9 per cent.
The flexible deployment of technology using cloud-delivered solutions and hosted services is, in many ways, levelling the playing field with asset management. Historically, using the best systems in large, sophisticated IT architectures to support complex trading strategies was the preserve of the biggest managers.