Insights

Perspectives on the Future of Investment Management

Thought leadership from practitioners who are building the infrastructure for the next generation of asset and wealth managers.

Intelligence·July 2026·6 min

Which China Are You Buying?

China is not one investment. Mainland A-shares returned +9.0% while offshore MSCI China returned -6.2% in the same 13 weeks, a 15-point gap that runs on the vehicle you own, not the sectors you picked. European institutions built a structural EM overweight through 2024 then cooled, their China-specific buying is a contrarian signal, and EM sovereign spreads near a 15-year low at 181bps confirm a thin cushion. Which China you own is the question a single 'China' line obscures.

Distribution Intelligence·June 2026·8 min

Said vs Solved.

Where allocators are heading, and where the math says they should. More than a third of advisors are reading the same fixed-income script. Set against a consensus of eight capital-market-assumption providers, the loudest trades carry the weakest math: private equity reads 0.53 while direct lending reads near 1.0. The gap between said and solved is the least-competed pipeline a distribution team will find all year.

Private Markets·June 2026·8 min

The SpaceX IPO and the Tyranny of the Average.

SpaceX just became the biggest IPO in history, at roughly $1.77 trillion. Across 3,700 funds in our database, venture's average net return is 13.4% and its median is 0.2%, the same funds. What the power law, the vintage cycle and the lock-up clock say about buying the listing, and why the edge for a buyer today is discipline, not the asset.

Portfolio Analytics·June 2026·7 min

A Factor Weight Is Not a Risk Budget.

A formal risk model says interest rates are 2% of a family office portfolio's risk. A rate shock takes 14% off it. The gap lives in the valuation channels the model cannot see, and five targeted moves close it for eight basis points of return.

Portfolio Analytics·June 2026·7 min

Diversified on Paper. One Bet in Practice.

A typical growth family office portfolio was 98% a single equity-factor bet, with almost no inflation protection. An energy shock exposed it. Re-diversifying the risk budget wins in five of six stress scenarios, and gives up no risk-adjusted return on long-run assumptions.

Flow Research·June 2026·7 min

Watch the Money, Not the Memo.

Where public and private capital is actually moving in 2026, region by region. US buyers put $1.04tn into US equity; Europe put €10bn into US and €198bn into EM. Same memo, opposite money, and the gap is where the next mandate is.

Allocator Research·June 2026·8 min

Five Trends Every Allocator Can Name. Five Gaps Almost None Have Closed.

What 515 institutions and $29.9 trillion are doing underneath the headlines. Each well-known trend hides a gap between the portfolio allocators describe and the one they actually hold, closing at a different speed in every region.

Insight·January 2025·4 min

Bridging Technology and Strategy in Asset Management

In today's complex financial landscape, asset and wealth managers face mounting pressure to optimise costs, generate revenue, and deliver innovative solutions.

Insight·January 2025·4 min

Institutional Growth Through Product Extensions

How small-cap value managers can overcome capacity constraints through innovative distribution strategies and portfolio customisation technology.

Insight·January 2025·4 min

Scaling Innovation with Traditional Asset Managers

Delivering tailored solutions that allow traditional managers to focus on core competencies while we handle portfolio construction and execution complexities.

Insight·January 2025·4 min

Transforming Investment Strategies

Staying competitive requires balancing innovation and efficiency. How to bridge the gap between cutting-edge investment technology and strategic business objectives.