Gregory Williamson
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- Milken Institute1h 0m
What's Driving the Asset Management Industry Today?
Karen Tso, Michael Freno, Michele Gesualdi, Rick Lacaille, Gregory Williamson, Greg Williamson, Rick Lakai
A panel of industry leaders including Michael Frino, Michele Gesualdi, Rick Lakai, and Greg Williamson analyzed the structural shift toward passive investing, warning that reduced capital for contrarian bets may create "autopilot" selling during corrections while active managers must prove net alpha to survive fee compression. The group projects an 18-to-24-month bull market supported by massive central bank liquidity injections, though inflation and geopolitical instability remain key risks that could trigger a regime change in global financial accommodation. Furthermore, experts predicted significant technological disruption from AI and blockchain that will force a bifurcation of the asset management industry, driving capital from public to private markets and reshaping fee structures as beta becomes a near-free commodity.