Cost optimization 

In the wake of current market challenges, cost saving is critical to the success of investment management companies. Many of these are already implementing initiatives to facilitate operational efficiencies and decrease spend.

The majority of cost savings strategies fall into three broad categories: strategic, tactical, and crisis Management. Some examples of what these can encompass include:

Strategic (mid-to long-term)

  • Outsource non-core services
  • Joint ventures
  • Key rationalization methods
  • Strategic divestiture
  • Fundamental shift in business model

Tactical (mid-to short-term)

  • Discretionary spend reduction
  • Outsource noncore businesses
  • Eliminate business redundancies
  • Operational efficiencies
  • Spend management

Crisis Management (immediate)

  • Stop all nonessential spend
  • Rapid closure of loss-making lines/businesses