It has been approximately six years since the financial crisis of 2007, and assets under management in the fund management space have now returned to their pre-crisis levels. So does that mean the industry is back to where it was? Do comparable AUMs translate into comparable levels of profitability?
The number of announcements about electronic bond trading marketplaces launching, relauching, expanding, or trying to launch can sometimes seem too numerous to track. Yet these announcements come at a time when many are scratching their heads about the bond market.
It's no secret that traditional private equity firms have been hell-bent on diversifying over the last few years -- with good reason. At this point, even referring to the likes of Blackstone and KKR as private equity companies seems a little off. Alternative asset manager may be more accurate, though it lacks pizazz.
The market structure debate has been vexing for many, none more so than the traditional exchanges, notably the NYSE and Nasdaq. They of course have seen their market share wither in the face of broker-owned dark pools, the very brokers that are regulated by the exchange SROs. A frustrating status quo indeed.
Reference data is not the most exciting topic of conversation, but for many firms, it is one of their biggest back office headaches. Firms across the industry struggle with data inconsistency and the inability of system to share data seamlessly.
A lack of financial IT talent has long been an issue in the financial services industry, which has high standards. The latest concern: data scientists. At this year's SIBOS, this emerged as a big theme. Speakers "repeatedly mentioned that finding workers with big data skills was difficult and that finding data scientists — quants who can manipulate vast amounts of data — was even harder," noted Wall Street & Technology.