NICSA Connect Newsletter: October 2019


Your source for the latest insights into global asset management industry trends.

NICSA Honors Industry Leaders with NOVA Awards at 2019 General Membership Meeting

“NICSA, a leading asset management trade association, today announced the winners of the 2019 NICSA NOVA Awards, which recognize excellence in innovation and leadership within the asset management industry. Award winners are showcased each year at the NICSA General Membership Meeting and this year will be honored on October 17th in Boston. The 2019 award winners are as follows…” Read Press Release



Advancing Diversity in the North American Fund Industry

“As asset management professionals looking to best support the distribution of our products and services, we have to understand who our clients are and ask ourselves if the industry’s workforce is reflective of the society we serve,” said Jim Fitzpatrick, President and CEO of NICSA as he reviews the rewards, challenges, and the road ahead for D&I in the global asset management industry. Read Article


The Intersection of ESG, Big Data, and Artificial Intelligence

NICSA hosted a series of three events centered on ESG Investing over the past several months (NYC, Chicago, San Francisco). In this installment of a three-part blog series, NICSA looks at the role that big data and artificial intelligence (AI) are playing in the ESG investing process and the role they may play in the future. Read More

If you've got ten minutes, we've got on-the-go, quick insights on critical business planning in the world of asset management. It's this simple: (1) Visit iTunes on your mobile device; (2) search "NICSAtalk"; and (3) subscribe. 
New Episodes:

Diversity Project North America Town Hall |  Listen to Podcast

Aligning Operational Resources in the Digital Age Listen to Podcast

ETF Product & Distribution Trends |  Listen to Podcast

NICSA strives to provide its members with rich, value-add content across each of the key disciplines in the asset management industry. Here’s a look back at our recent educational programming: 

Effective Cost Forecasting and Budgeting in Asset Management

How are fund firms making the most of advanced technology to accurately forecast costs and budget effectively? Subject matter experts from Broadridge Financial Solutions and Citi explore the latest best practices fund companies are using in automating the process of budgeting, accruing and validating of fund expenses. Replay Webinar

The Reality Behind Buzzwords Series: Blockchain

Tech experts from Foreside and Citisoft take a deep dive into studies and applications of the most buzzworthy innovations. Replay Webinar


Industry Leaders Outlook: Product & Marketing Roundtable

A panel of product and marketing executives from SS&C Research, Columbia Threadneedle and The TWC Group explores the industry’s biggest obstacles and opportunities for product differentiation and brand loyalty. Replay Webinar

NICSA members provide valuable viewpoints on the future of the asset management industry. Here's a look at our top picks for the month.

Citisoft | Innovate or Stagnate: Digitization in Investment Management

“For decades, investment managers have been digitizing information and processes, but we have only recently moved into a new era where firms are re-engineering every facet of the business upon a digital foundation. Asset managers will need to differentiate themselves in the new digital landscape.” Read More


Invesco | Outcome Based Investing

“We may have reached an inflection point in portfolio management. Fewer of the requests we get from institutions are to fill specific, narrow investment mandates. Instead, the conversations we have today with institutional investors are increasingly tied to specific goals — often multi-period challenges whose complexity only increases as we dig deeper into solutions, and that draw on substantial expertise to implement.” Read More


MFS | US Equities, A Decade in the Sun

“In just the past two decades, we have transitioned from a dot-com crash and financial crisis in the 2000s — which decimated returns and escalated risks — to the longest bull market in US stock market history, which was accomplished at a lower-than-average level of risk. Against this placid backdrop, it would be easy for investors to fall victim to recency bias, a behavior whereby investors extrapolate the future by looking at the recent past (expecting, for example, the next 10 years to mirror the calm of the past 10 years). A look at long-term market history suggests that mindset would be a mistake.” Read More


A program aimed at accelerating progress toward a diverse and inclusive asset management industry: 


Look Who’s One!

October marks the one year anniversary of the #DiversityProjectNorthAmerica. Catch a glimpse of what we’ve been up to--and where we’re heading as we gear up to drive change in the asset management industry. View Year in Review


“Fall often ushers in a sense of change and opportunity,” said Jylanne Dunne, VP, Diversity Project North America. “It’s a great time to reflect upon the Diversity Project North America: where we are in our journey, and where we are going. On this, our one year anniversary of the launch of the program, we are encouraged by our progress, delighted by the steadfast commitment of our volunteers, mindful of the hard work ahead, and more hopeful than ever for an inclusive asset management industry.” Read NICSA Insights 


We were also thrilled to be a sponsor of the Bonhill Group Women in Asset Management Awards last month. These awards honored exemplary and forward-thinking women working within the asset management industry across 16 categories, including Business Role Model of the Year, Bond Manager of the Year and Woman of the Year.



Member Update

Welcome, Janus Henderson Investors, the Diversity Project North America’s latest Founding Member. 

This brings the total number of Founding Members to 32. There are still opportunities for more industry leaders to join as Participating Members. View complete list of member firms.  

Ready to Join the Movement? Contact Jylanne Dunne, VP, Diversity Project for more information on becoming a member. 

DP Spotlight: D&I Initiatives that Work

A Word from Schroders, a Diversity Project Founding Member 
“We consider diversity of thought and experience as being the heart of Schroders. We are committed to fostering an inclusive culture of diversity across our global workforce.


A big driver of Schroders’ D&I  initiatives are our Employee Resource Groups (ERGs), which give employees a platform to celebrate diversity, influence change, and improve interactions with stakeholders. Our Gender Equality Network, for example, championed flexible working policies and created global communications to reinforce the support of these arrangements. Check out the video here.


In order to increase diversity, we must stay involved in outreach and talent development. Schroders has started a financial literacy blog, MoneyLens, which is driven by our millennial workforce to create talent development and education opportunities both internally and externally. We distribute the content across social media platforms to reach a non-industry audience to drive interest in, and understanding of, the financial industry.


Building partnership with industry groups is also extremely important. Schroders is one of the founding firms of the UK Diversity Project (CEO Peter Harrison sits on the Advisory Council). In the US, we’ve signed on as a Participating Member of NICSA’s Diversity Project North America and participate in the CFA Experimental Partners program. These groups provide opportunities to be part of the solution as the industry moves in the direction toward meeting the needs of our clients.”


Did You Know?

October is National Disability Employment Awareness MonthFirst launched by Congress as the first week in October, “National Employ the Physically Handicapped Week” was renamed and extended to a month in 1998. The annual event draws attention to employment barriers that still need to be addressed.


October is LGBT History Month. Started in 1994 as a U.S. observance to recognize the history of the gay-rights movement and recognize the LGBT+ community.

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