The 'FundForum International 2012 Daily News - 27 June' special report comprises eight separate articles listed below, these can be read individually or as a sequence.
Consolidation in the asset management sector, especially in Europe, is a constant theme in industry forums. There were 23 M&A deals in the sector in 2011, according to Jean-Baptiste de Franssu, chairman of advisory firm Incipit, who chaired the third FundForum International 2012 CEO panel on Wednesday morning.
“We’re just not good at creating scale in Europe,” commented Francis Jackson, EMEA regional executive for JP Morgan Worldwide Securities Services, in the fourth CEO panel discussion, on how to tackle the problem of long-term savings.
It’s not only the European Union that is piling a plethora of new regulation and compliance requirements on asset management firms. Across the Atlantic, the Volcker Rule, which aims largely to ban proprietary trading by US institutions, is forcing a rethink of business models.
Brown Brothers Harriman has launched Global Portfolio Strategy, a research product offering portfolio managers a consistent analytical framework for regional, country and sector-based global equity decisions.
Does the asset allocation process need fixing? That’s a question being considered by many investment managers, like Jan Straatman (pictured), chief investment officer of Lombard Odier Investment Managers.
The mandatory requirement to use clearing houses for various OTC derivatives including interest rate swaps, credit defaults swaps and certain FX products could offer real benefits, according to Ben Broadley (pictured), a senior application engineer at Advent Software.
“I made a tremendous mistake trusting Lehman in 2008,” commented Manny Roman (pictured) in a candid interview with Andrew Fisher of Towry Group. “We had some exposure to them; we should have had none. It was messy for a while. Now, every night before I go to bed I pray that my counterparties are in good shape.”
Watch out for the new army of Silicon Valley asset managers, warned Jaspar Roos (pictured), the wonderfully-titled chief inspiration officer for the Dialogues Incubator platform at ABN Amro.