The purpose of this research is to provide readers with a comprehensive understanding of the future of investment management, including the liquidity business, capital markets (individual securities), managed funds products, & non-financial alternative investments products. This research offers cross-product comparisons and serves to summarize Tiburon's views on dozens of financial products, including liquidity products, individual securities, registered investment companies, exchange traded funds (ETFs), collective investment trusts, separately managed accounts, & alternative investments.
Historical Phases
This research addresses the historical phases of investment management, including:
- Individual Securities Phase
- Open-End Mutual Funds Phase
- Exchange Traded Funds (ETFs) Emergence Phase
- ObamaCare Phase
- Direct Indexing & Alternative Investments Phase
Investment Styles
This research defines several distinct market segments of investment management investment styles, including:
- Equity
- Fixed Income
- Cash
Investment Management Products
This research defines several distinct market segments of investment management firms products, including:
- Liquidity Business
- Capital Markets (Individual Securities)
- Managed Funds Products
- Registered Investment Companies
- Collective Investment Trusts
- Separately Managed Accounts (SMAs)
- Alternative Investments
- Non-Financial Alternative Investments
Markets & Distribution Channels
This research addresses the key markets & distribution channels of investment management firms, including:
- Global Institutional Markets
- United States Wealth Management
- International (Non-United States) Wealth Management
Future Predictions
And this research concludes with several future predictions for investment management, including:
- Increasing Allocations to Equities with Decreasing Interest Rates & Cash Balances
- Continuing Investment Management Firms Fees Pressure
- Continuing Dominance of Large Investment Management Firms
- Addition of Cryptocurrencies (Digital Assets) to Capital Markets Options But with Managed Funds Continuing to Dominate Assets Under Management
- Continuing Shift in Portfolios to Emphasize Low Cost Beta and Illiquid Alpha (Specifically Private Markets)
- Continuing Emergence of Non-Financial Alternative Investments Markets, with Tokenization Offering Basis for Rapid Growth