Asset managers are prioritising "quick wins" with regard to data analytics and digitisation to sure-up investment performance after a "tumultuous" end to 2018, which has sharpened firms' focus on protecting returns, Linedata research reveals.
The data firm's ninth Global Asset Management Survey showed maintaining investment performance is the biggest business challenge, cited by 34% of respondents, following a fourth quarter that saw major losses across global equity markets. How will fintech impact the asset management industry? As a result, firms are prioritising data and nearer-term digitisation projects, with growing attention to techniques such as machine learning, to "enable [a] quicker response to new digital opportunities and for operational impact that can hit the bottom line this year", the report found. Longe...
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