The decision to transform from a registered investment advisory (RIA) business to a multi-family office (MFO) can be challenging. On the one hand, an MFO typically has fewer, but more profitable, clients, but catering to the needs and expectations of ultra-wealthy families means some key differences from a traditional RIA.
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As customers adjusted to pandemic mitigation measures, online orders from western Europe across all retail segments jumped as much as 80% in the first two weeks of April 2020 as compared to the previous year. Experts think these buying habits may become permanent, as the range of products consumers are buying online has expanded to include essentials like groceries and over-the-counter medication.
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An investor portal is not optional in today’s market; a proprietary portal is now an essential component of every general partner’s (GPs) communication toolset. Over the last several years, there has been a move toward greater transparency in the private equity (PE) industry, and savvy GPs are using investor portals to meet this demand and enable dissemination of important information to their limited partners (LPs). As the financial industry adjusts to a new virtual work-from-home environment due to the COVID-19 pandemic, GPs with an existing investor portal are finding it easier to meet the challenges of engaging with their investors.
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To hear more about SS&C’s vision for the future state of alternative investment operations, watch out short video.
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Investors expect fund managers to maintain proper oversight for all outsourced services, including calculation of Net Asset Value (NAV). Management and performance fees are critical components to NAV calculation, and investors would benefit from independent, unbiased fee verification.
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The term “private debt” is typically applied to debt investments that are not financed by banks and are not issued or traded in an open market. Since the 2008-2009 global financial crisis (GFC), private debt has found its way to portfolios of institutional investors. Regulatory changes have required that banks deleverage their balance sheets, and non-bank lenders and private debt funds have emerged as the alternative to the debt that was previously available through banks.
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SS&C has had virtual conversations with several leading private capital companies, limited partners and industry stakeholders to gain insight into how the coronavirus (COVID-19) pandemic is affecting them now and what they see coming next. In our first post in this series, we focused on high-level observations and predictions. In this post, we will drill down into the different investment strategies and how these strategies are affected by COVID-19 and government intervention.
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Amidst the COVID-19 pandemic, asset managers have done an excellent job of adjusting their service and communication response—in both strategy and execution—even if some scrambling has been involved.
In speaking with executives, following press coverage and observing third party communications, we have spent significant time thinking about our clients working through “digital transformations.” Although this pandemic brings more pressure, the timing enables firms to strategize and tactically plan their digital transformations.
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