Global Alternatives Summit
November, 8-10, 2023
St. Regis Bal Harbour Resort, Miami, Florida
Thought leaders from across the global alternative investment management ecosystem convened to discuss the biggest challenges and opportunities across the public and private markets. Experts on panels and fireside chats covered the current state of the industry and addressed ways to create and deliver positive change for our firms and for the industry’s future.
Global Alternatives Summit: Aligning for the Future
At our inaugural Global Alternatives Summit in Miami, CEO John Sergides opened the day by discussing the importance of collaboration in the fast-changing global alternatives markets. John emphasized the need for dialogue and cooperation between funds and service providers to seize opportunities, identify challenges, and develop strategies to chart the course for the industry’s future.
Strategic Alignment, Education Will Drive HNW Investor Growth
The global alternatives market is undergoing an unprecedented shift, due to the increasing presence of high-net-worth and global mass affluent investors as the industry moves beyond traditional institutional investors. As global alternatives “democratize,” these retail investors are providing an important new source of capital for fund managers, but also present new challenges around education, distribution, product suitability, and managing fees and costs.
Searching for Certainty in the Fed Pause Cycle
A fireside chat provided insights on the capital markets, near-term economic outlook, and the interplay of geopolitics. The topics discussed included analyzing the US Federal Reserve’s recent decision to pause interest rate hikes, examining trends in the global alternatives marketplace, and discussing the impact of the complex geopolitical climate.
Exploring the Upside, and Risks, of Artificial Intelligence in Alts
The rise of artificial intelligence (AI) in the global alternatives’ ecosystem has the potential to revolutionize processes, from onboarding and investment management to reporting and cybersecurity. Funds and service providers are exploring new possibilities with generative and predictive AI, and while because it may take time to realize AI’s substantial promise, panelists emphasized the need to exercise caution, especially in data protection.
Successful Cultures Strengthen Firms and Drive Financial Success
A thought-provoking fireside chat focused on how a people-focused culture is crucial for operational and financial success in the global alternatives industry. The discussion highlighted the importance of fostering an inclusive, supportive culture that provides important learning and development opportunities, and promotes wellness and a sense of belonging—all of which must be underpinned by a strong commitment from senior leaders.
Data, Automation Are Key to Meeting New Compliance Rules
The rapid escalation of global compliance and regulatory requirements is prompting fund managers to leverage automated solutions, enhance data management processes, and increase outsourcing to meet standards and manage complexities across a wide range of jurisdictions.
Expanding Models, Platforms for Alts’ Retail Investors
With new capital flows in global alternatives of between $500 billion and $1 trillion expected from global mass affluent retail investors in the next three years, fund managers are developing new strategies and reexamining models to attract that capital.
Partnering with Clients on the Reengineering Journey
As the global alternatives market transforms with new investors and technology, evolving business strategies, and escalating regulatory requirements, funds and service providers are reengineering their traditional business models. They are adopting streamlined platforms, customizing products for new investors, and outsourcing front-office functions, including onboarding and AML/KYC, to spearhead the evolution of the industry and continually improve the client experience.