Pictet Group’s Post

This is an interesting article that highlights the challenges and opportunities facing the asset management industry in the next few years. According to PwC, one in six asset and wealth management companies will be swallowed up or fall by the wayside by 2027, as a result of shifting investor expectations, digital transformation, consolidation and "retailisation". The article also predicts that the top ten largest asset managers will control around half of mutual fund assets globally by 2027, and that private markets will account for up to half of AWM revenues by 2027. From a strategic standpoint, I think this article raises some important questions for asset managers and investors alike. How can asset managers differentiate themselves in a crowded and competitive market? How can they leverage technology and innovation to enhance their performance and efficiency? How can they adapt to the changing needs and preferences of their clients, especially the younger and more socially conscious generations? How can they balance the trade-offs between scale and specialization, between active and passive management, and between public and private markets? I believe that the asset managers that will survive and thrive in the future are those that can provide value-added solutions that are tailored to the specific goals and risk profiles of their clients, that can harness the power of data and analytics to generate insights and optimize decisions, and that can embrace sustainability and social responsibility as core principles of their business. I also think that the asset managers that will succeed in the future are those that can foster a culture of collaboration and learning, both internally and externally, and that can leverage their networks and partnerships to create synergies and opportunities.

Hong Kong Value Partners Group ($6 billion AUM) & Indonesia Aldiracita Sekuritas Indonesia formed strategic partnership. Buys 29.99% of respective asset management business. Announcement - https://lnkd.in/gmce--eN follow Caproasia Value Partners (Sensible Asset Management) acquires 29.99% of PT Surya Timur Alam Raya Asset Management (STAR Asset Management) and Aldiracita Group acquires 29.99% of Value Partners Singapore. Cheah Cheng Hye, Chairman Value Partners: “As part of our growth strategy in Southeast Asia, we are intensifying our commitment and strengthening ties in the region. ASEAN countries are Hong Kong’s second-largest trading partners with significant economic and investment potential. In particular, Indonesia, with its large population, represents a significant portion of the region’s potential for growth and investment.” June Wong, CEO Value Partners: “Our alliance with Aldiracita Group is a key milestone in our ongoing efforts to build strategic partnerships that offer measurable benefits to our clients. With both companies joining forces and leveraging each other’s strengths, we are now in a strong position to bring innovative and distinct investment solutions to the dynamic Southeast Asian market. We believe that this collaboration will enable us to tap into new markets and capitalize on the region’s potential for long-term growth and development.” Rudy Utomo, President Director of Aldiracita & Committee Chairman of Indonesia Securities Company Association: “ Aldiracita Group, through its subsidiary, STAR Asset Management is excited to collaborate with Value Partners to contribute to Indonesia’s economic development and provide investors with access to our diversified range of asset management products. We believe that our shared commitment to delivering exceptional investment solutions and unparalleled client service will drive long-term success for our companies and clients." Reita Farianti, CEO of STAR Asset Management: “We are thrilled to partner with Value Partners, one of Asia’s leading and most respected asset management firms, to solidify STAR Asset Management’s position in Indonesia’s asset management industry. We aim to capitalize on Indonesia’s rapidly growing economy and burgeoning investment landscape, offering a wide range of innovative mutual fund and investment solutions to local and international investors. In addition, this collaboration ensures that clients in Indonesia receive the same level of personalized attention, tailored solutions, extensive access to the international market, and comprehensive market insights that Value Partners is known for worldwide."

  📈 COMPARING ASSET MANAGEMENT LICENSES: KEY DIFFERENCES UNVEILED In our recent survey, investment and asset management has clearly emerged as a frontrunner in your interests. We understand your eagerness to explore this subject further, and we are excited to provide valuable insights into the opportunities available to investors and asset management firms within the AIFC. 🌟 For any aspiring investor, the initial and crucial step involves selecting a licensed management company. In the realm of asset management in the AIFC, two licenses shine as the most sought-after: Managing a Collective Investment Scheme and Managing Investments. The key distinction between these two types of licenses lies in their approach to safeguarding and growing the investments of their clients. 🔹 In the case of a collective investment scheme, funds of two or more investors are combined into a shared pool or fund. Conversely, a management company holding a Managing Investments license handles each client's assets individually, with a keen focus on their distinct requirements and aspirations. 🔹 The Managing a Collective Investment Scheme license necessitates a minimum base capital requirement ranging from $50,000 to $500,000, while the Managing Investments license mandates a minimum base capital of $150,000. In both instances, the funds are managed on a discretionary basis. 🔶 It is noteworthy that within the AIFC, there exists the possibility of combining both types of licenses. Presently, over ten accredited firms have successfully integrated these approaches, granting investors a great level of adaptability and choice in managing their assets. We encourage you to demonstrate your support by liking, sharing, and spreading the word about this post within your network. Knowledge is indeed a precious asset! 🙌 #AIFC #investment #Kazakhstan 

Hong Kong Value Partners Group ($6 billion AUM) & Indonesia Aldiracita Sekuritas Indonesia formed strategic partnership. Buys 29.99% of respective asset management business. Announcement - https://lnkd.in/gXcVCsQm follow Caproasia Value Partners (Sensible Asset Management) acquires 29.99% of PT Surya Timur Alam Raya Asset Management (STAR Asset Management) and Aldiracita Group acquires 29.99% of Value Partners Singapore.  Cheah Cheng Hye, Chairman Value Partners: “As part of our growth strategy in Southeast Asia, we are intensifying our commitment and strengthening ties in the region. ASEAN countries are Hong Kong’s second-largest trading partners with significant economic and investment potential. In particular, Indonesia, with its large population, represents a significant portion of the region’s potential for growth and investment.” June Wong, CEO Value Partners: “Our alliance with Aldiracita Group is a key milestone in our ongoing efforts to build strategic partnerships that offer measurable benefits to our clients. With both companies joining forces and leveraging each other’s strengths, we are now in a strong position to bring innovative and distinct investment solutions to the dynamic Southeast Asian market. We believe that this collaboration will enable us to tap into new markets and capitalize on the region’s potential for long-term growth and development.” Rudy Utomo, President Director of Aldiracita & Committee Chairman of Indonesia Securities Company Association: “ Aldiracita Group, through its subsidiary, STAR Asset Management is excited to collaborate with Value Partners to contribute to Indonesia’s economic development and provide investors with access to our diversified range of asset management products. We believe that our shared commitment to delivering exceptional investment solutions and unparalleled client service will drive long-term success for our companies and clients." Reita Farianti, CEO of STAR Asset Management: “We are thrilled to partner with Value Partners, one of Asia’s leading and most respected asset management firms, to solidify STAR Asset Management’s position in Indonesia’s asset management industry. We aim to capitalize on Indonesia’s rapidly growing economy and burgeoning investment landscape, offering a wide range of innovative mutual fund and investment solutions to local and international investors. In addition, this collaboration ensures that clients in Indonesia receive the same level of personalized attention, tailored solutions, extensive access to the international market, and comprehensive market insights that Value Partners is known for worldwide."

🌟 REFLECTING ON STRATEGIC ASSET MANAGEMENT IN 2024 📈✨ As We Embrace the Third Day of the New Year, It's an Opportune Moment to Set Our Sights on the Horizon of Strategic Asset Management for 2024. 💼💡 📊 Market Insights & Predictions: This Year Holds Promise Amidst Evolving Market Dynamics. I Anticipate Market Resilience and Opportunities in Sectors Embracing Technological Innovations and Sustainable Initiatives. 💡 Investment Strategies: Let's Delve Deeper Into Diversified Investment Strategies Tailored to Navigate Potential Fluctuations and Capitalize on Emerging Opportunities. Balancing Risk and Return Remains Pivotal. 🌍 Global Economic Landscape: Keeping a Watchful Eye on Geopolitical Developments, Global Economic Indicators, and Regulatory Shifts Will Be Key in Shaping Robust Asset Management Strategies. 🌱 Sustainable Investing: ESG Principles Continue to Reshape the Investment Landscape. Integrating Sustainable Practices into Asset Management Strategies Not Only Aligns with Ethical Values but Also Positions Portfolios for Long-Term Growth. 📈 Adaptability & Agility: The Ability to Adapt Swiftly to Market Changes and Embrace Technological Advancements Will Define Success in Asset Management. A Proactive Stance Can Unlock New Avenues for Growth. 🤝 Collaborative Insights: Let's Foster Collaborative Discussions! I'm Eager to Hear Your Perspectives on Emerging Trends, Successful Strategies, and Any Game-Changing Insights for Asset Management in 2024. Here's to an Exciting Year Ahead Filled With Opportunities, Innovation, and Successful Asset Management Endeavors! 🚀💰 #AssetManagement #InvestmentStrategies #NewYearNewGoals #FinancialInsights#Delfinancial

Exploring Boutique Asset Management Premium In 2020, Professor Andrew Clare from Cass Business School, in partnership with GROUP OF BOUTIQUE ASSET MANAGERS LIMITED (GBAM), published a study titled "Is there a Boutique Asset Management Premium?" In our latest article, we analyze this study and share our perspectives on the boutique premium, where boutique firms often outperform larger counterparts. Key insights include: - Risk and Reward: Boutique firms may offer higher potential returns due to specialized market expertise and operational efficiency, compensating for unique risks like key person risk and limited resources. - Market Focus: These firms excel in niche markets with capacity constraints, leveraging deep market knowledge to generate superior returns. - Strategic Diversification: Emphasizing a multi-manager approach can mitigate risks, balancing high returns against the inherent challenges of boutique firms. At Farview, we advocate for meticulous manager selection and investments that align with our clients' best interests, regardless of firm size. Our comprehensive risk management and portfolio construction strategies aim to optimize investment outcomes for our investors. Read our full analysis and share your perspectives! #AssetManagement #BoutiquePremium #InvestmentResearch #IndependentAssets https://lnkd.in/dGfqV6PE

💡Excellent insights in this Forbes article on McKinsey & Company's recent Asset Management report. It's been a really challenging year for the Asset Management industry, and the new trends identified will undoubtedly shape the future of the sector. One key takeaway from the report is the growth of alternative investments, a trend that we at Linedata have also observed in our involvement with the industry. The shift in focus towards private markets, is particularly noteworthy. This aligns with our experiences at Linedata, where we've seen a rising interest in alternative investment strategies. For those keen on delving deeper into the future of asset management, I recommend Linedata's Global Asset Management Survey. It offers valuable insights on automation, digital transformation, and the unique challenges and opportunities asset managers face at this pivotal moment in the industry. 👉 Download the report here: https://shorturl.at/yCMQZ #AssetManagement #InnovationInFinance #MarketInsights https://lnkd.in/eAKn8PeK

Mathieu Bortot at Fiera Capital - global independent asset management firm which delivers customised multi-asset solutions across traditional and alternative asset classes to institutional, retail and private wealth clients worldwide – will speak at Campden Wealth's 25th European Family Office Forum in London on November 28 – 29, 2023. Fiera Capital will address the changes and concentration of the MSCI Emerging Market Index over the last decade and the implication for investors of the growing size of China within these Indices. The last 10 years have seen some significant changes to the emerging market investment landscape, both in terms of the shifting geographical bias and the types of investors that make up the shareholder bases of many emerging market companies. ABOUT THE 25TH EUROPEAN FAMILY OFFICE FORUM. No two families are the same. While this tenet rings true for private family offices, they all face the same issues. Succession woes. Managing an investment portfolio, the value of which is largely driven by external forces. Preserving the wealth of the principal amid economic uncertainty. Involving and empowering the next generation of will-be principals within the investment function. And governance—bespoke and sophisticated enough to ensure growth and the free-flow of communication between the family and the office. To succeed in these tasks, structure is key. But it is not easy. Effective succession takes 10 to 15 years of planning. Preparing the next generation requires a lifetime of work. Governance structures between family members are sensitive and need constant communication. And the investment vehicle of family offices, from operational to allocation, and its relationship with the principal, requires level-headedness and smartness. The 25TH European Family Office Forum will convene more than 100 of the world’s largest offices and their principals to identify new ways of addressing old concerns and will look to the future to determine how technology will mould the family office of tomorrow. To participate at this conference, please, contact Anton PAUL by email at AntonPaul@CampdenWealth.Com or telephone: +44 20 3968 7452

Responsible Investment: Two Swiss Asset Managers Among Global Top 10: In its sixth iteration, the «Responsible Investment Brand Index» assesses 600 asset managers worldwide for their dedication to responsible investing. Both UBS Asset Management and Pictet Asset Management, headquartered in Switzerland, secured positions in the coveted Top 10. #responsibleinvestment #esg

China Shanghai-based Hywin Holdings has announced to exit the Wealth & Asset Management businesses with $1.2 billion AUM focusing on HNW clients (high net worth), and shifts to a consumer-focused technology company (Company renamed as Santech Holdings Limited).  In 2023, Hywin Wealth has 1,749 relationship mangers across 91 cities in China. Read - https://lnkd.in/gqtN4bXq follow Caproasia | Driving the future of Asia China Shanghai-based Hywin Holdings has announced to exit the Wealth & Asset Management businesses with $1.2 billion AUM focusing on HNW clients (high net worth), and shifts to a consumer-focused technology company (Company renamed as Santech Holdings Limited).  In 2023, Hywin Wealth has 1,749 relationship mangers across 91 cities in China, and the asset management business AUM is at $1.2 billion (June 2023).   In 2023, Hywin Wealth had missed payments on asset-backed investments, with the firm products mainly linked to China property sector.  Announcement (28/6/24): “Hywin Holdings Ltd. (the “Company”) (NASDAQ: HYW) today announced updates on its plan for strategic business transformation. Reference is made to the announcement made by the Company on March 27, 2024 (the “Announcement”) where the Company announced its plan for strategic business transformation. The Company has continued to assess ongoing changes in its operating environment, and today announced further updates to transform its businesses, including: (i) completely exit the wealth management and asset management businesses by terminating the China VIE Agreements (as defined below), (ii) shift its business focus towards the technology sector, and (iii) change the Company’s name to Santech Holdings Limited.” Exit from the Wealth Management and Asset Management Businesses – The Company has decided to cease its wealth management and asset management businesses by terminating the contractual arrangements (the “China VIE Agreements”) with Hywin Wealth Management Co., Ltd. (“Hywin Wealth Management”), a variable interest entity in China currently controlled by Hywin Enterprise Management Consulting (Shanghai) Co., Ltd., a wholly owned subsidiary of the Company. Following such termination, Hywin Wealth Management will cease to be a consolidated entity of the Company. Hywin Wealth Management will be owned and controlled by Mr. Han Hongwei, who has indicated that he will continue to lead Hywin Wealth Management and will remain fully committed to resolve ongoing redemption issues for its affected Chinese clients.  New Business Focus in Technology – The Company plans to become a technology company. In particular, the Company plans to seek new, innovative opportunities in the technology sector ... ... Hywin Financial Holding Group Hywin International (Hong Kong)