asset management industry
also referred to as: the asset management industry
12 statements across 9 episodes · 2 bullish · 8 bearish · 9 people on the record · first statement Jan 22, 2018 by Bill Spitz · across every show →
Everything said about asset management industry, oldest first
Jan 22, 2018 neutral
Spitz: The Asset Management Industry Will Trifurcate Into Three Business Models
“I think, or maybe what's, what's the word for three, three Trifurcates? I think you have big time scale players, particularly in the low cost beta sorts of products. I think you have some, a small number of active boutiques that you know, do what they do very …”
Aug 27, 2018 negative
Feb 3, 2020 negative
Kraus: Most asset managers are business-building index huggers, not risk-takers
“Oftentimes the managers in the industry are actually not risk takers. They're constructors of an index-like portfolio against an index. They're attempting to build a business. They're more businessmen than they are portfolio managers. And they aren't really co…”
Mar 1, 2021 negative
Shahidi: Wealth management is dominated by salespeople, not investment professionals
“The big driver, you know, the thing that really pushes us the most is just this observation that most of the industry is populated by salespeople. It's a business where those who can bring in the clients are the kings of the world. And you can do that by being…”
Jul 29, 2021 bearish
Dec 15, 2022 positive
Dec 15, 2022 negative
Sep 30, 2024 bearish
Jan 19, 2026 bearish
Kleinman: Large-scale M&A in asset management is fraught due to cultural mismatch
“The asset management industry is fraught with bad M&A. It's hard to merge two completely disparate cultures. Tuck-ins are fine, but bringing in big stock mergers are tricky in the asset management industry where your people are your asset.”
Jan 19, 2026 neutral
Kleinman: Asset management growth is constrained by origination, not capital
“The whole industry thinks in terms of capital formation. I just got to raise more capital and I'll deploy it. We flipped that on its head and said, no, the limiter of our growth is not capital. We've never had a situation where we've had good ideas and haven't…”
Jan 19, 2026 bullish
Kleinman: Asset management will stop segmenting by public versus private in 5-10 years
“And the way you cut the asset management industry in five or 10 years, I'm not sure is going to be based on public and private. It'll be based on other risk categories, but that's not a good definition of what's risky and what's not risky anymore. I think you'…”
Jul 6, 2026 negative
Dorsey: Fund Managers Privilege Obscure, Complex Ideas Over Cheap Mega-Cap Stocks
“Unusual ideas often get privileged in our industry. If it's unusual, if it's hard to understand, if you had to do all this detective work on the balance sheet to find out the value of this hidden asset, that is a sexier pitch for the client than mega cap X at …”