Andrew Capon

The Evolution of Asset Management

Andrew Capon, Janet Cowell, Rick Lacaille, Igor Tulchinsky, Gregory Williamson

Industry leaders assert that the asset management sector is pivoting from stagnant asset growth and traditional fee models toward technology-driven industrialization and performance-based compensation to capture alpha in a commoditized market. Key figures including North Carolina Treasurer Janet Cowell and WorldQuant's Igor Dolchinsky highlight a structural shift where clients demand lower costs, smarter data analytics, and closer manager alignment amid a transition from defined benefit to defined contribution plans. While regulators face pressure to curb opaque fee structures, the consensus remains that future profitability relies on leveraging private equity, artificial intelligence, and streamlined operations to serve evolving individual and sovereign investors.