Up until late 2007, the investment industry had largely enjoyed uninterrupted growth. From 2007 to 2009, a series of dramatic market events coupled with poor performance, exacerbated in a number of cases by operational shortcomings, resulted in an overall loss of confidence in the sector. Since early 2009, the industry’s fortunes have improved considerably. The credit crisis is receding into the background. Managers are refining business models and focus, institutional investors are reviewing allocations and operational requirements, administrators are eyeing technology and the labor pool, and the industry as a whole is preparing for the anticipated impact of increased regulation. What is clear is that the structure of the industry ahead will be vastly different than it is today.
Transformation – The Future of Alternative Investments investigates how, in light of significant market volatility and regulatory uncertainty, alternative investment managers, institutional investors, and administrators are adapting their business models to help maximize chances of success.