In order to compete in an environment of rising regulatory costs and increasing competition from passives, active managers must take steps to innovate through the use of shared technology, according to a report by the New City Initiative (NCI).
Amid rising regulatory costs, asset managers must employ solutions such as blockchain and "shared technology" to achieve greater economies of scale, the NCI said in its paper Delivering value for money...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum