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30 May 2012

IPE: EFAMA - Asset managers likely to focus on less liquid assets in coming years

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EFAMA has said that asset managers are likely to shift their investment focus towards alternative, debt-orientated products over the coming years, due to both incoming European regulation and the ongoing deleveraging undertaken by the banking sector.

Peter de Proft, director general of EFAMA, said that his industry would look to step in, saying that asset management firms would be likely consider the purchase of assets being sold off by banks. However, he said that asset managers were likely to focus on less liquid assets – such as private equity or hedge funds – in the future, as they provided higher returns on average.

De Proft went on to say that it is still difficult for asset management companies to know what their business will look like in two to three years’ time and how profitable it will be giving the new policies coming in Europe. "The business model will be, with no doubt, all shaken up", he said. "It is difficult at the moment to make any cost assessment on all those regulations.

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© IPE International Publishers Ltd.

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