Asset Management Quarterly Report – March

March 3, 2021

It is a very interesting time in the industry, and we hope that you find this quarterly asset management update useful. In this issue we focus on recent regulatory and tax changes.

The beginning of 2021 has been quite eventful. The retail-investor driven bubble in response to hedge fund short selling of GameStop Corp. (NYSE: GME) and a few other stocks pointed out significant tensions around (a) Wall Street vs. Main Street, (b) the economics (and conflicts-of-interest) of a zero-commissions broker, (c) the ethics surrounding the ability to short stocks, and (d) how regulators might need to work on rules to not allow shares to be sold short in excess of the available shares in the market. The severe climate conditions in February have also restarted discussions about market safeguards and deregulation of public utilities — based on the electricity market and power crisis in Texas. Lastly, the continued rally of various cryptocurrency values and the broader acceptance of the asset class by large financial institutions; means that digital assets cannot be ignored.

Looking forward, we see the following overarching trends in the asset management sector:

  • Asset managers are facing rising costs of compliance and a greater focus on risk management;
  • Investor expectations for sustainable finance and environmental, social, and governance (ESG) conscious investing solutions are increasing;
  • Digital disruption is accelerating the move away from legacy systems, business models, and investment theses.
    Thank you for joining us for our inaugural issue. We look forward to sharing our insights with you on a regular basis

 

Click here to read the report.

 

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