FYI: Maths-savvy, computer-toting investors have already disrupted traditional tactics in asset management. Next in their sights is the red-hot private equity world.
Private buyout funds are basking in enormous investor appetite, and have less pressure on fees than their counterparts in mainstream asset management.
Morgan Stanley estimates that revenues from private capital will reach nearly $70bn a year by 2023, accounting for the biggest chunk of the global investment industry’s overall income by that point.
Regards,
Ted
https://www.ft.com/content/766b7042-5c6a-11e9-9dde-7aedca0a081a
