The Future of Investment Management:
The Continuing Rapid Emergence of Low Cost Beta & Illiquid Alpha
Recently Released!!!
Date Published: October 9, 2025
Summary PowerPoint Deck: 326 Slides
Reference PowerPoint Deck: 757 Slides
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.
This research addresses the historical phases of investment management, including:
Date Published: October 9, 2025
Summary PowerPoint Deck: 326 Slides
Reference PowerPoint Deck: 757 Slides
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.
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
- Equity
- Fixed Income
- Cash
- 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
- Global Institutional Markets
- United States Wealth Management
- International (Non-United States) Wealth Management
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
Tiburon Member Access:
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Non-Tiburon Members:
Non-Tiburon members can either become Tiburon members or subscribe to this specific Tiburon Research by clicking on one of the buttons below:
Media Members:
Members of the media who would like access to this Tiburon Written Research, Tiburon Webinar, and/or Tiburon Podcast should send an email to Sarah Sage using the button below:
Tiburon members can download the summary or reference PowerPoint presentation, view the most recent Tiburon Webinar featuring Tiburon's Managing Partner (or another Tiburon team member), and/or listen to the most recent Tiburon podcast featuring Tiburon member CEO guests by clicking on the buttons below:
Non-Tiburon Members:
Non-Tiburon members can either become Tiburon members or subscribe to this specific Tiburon Research by clicking on one of the buttons below:
Media Members:
Members of the media who would like access to this Tiburon Written Research, Tiburon Webinar, and/or Tiburon Podcast should send an email to Sarah Sage using the button below:
