CAIA Boston Joint Educational Event with the Boston Security Analysts Society
CAIA Boston and the Boston Security Analysts Society are pleased to invite you to attend the following event:
Convergence of Alternative & Traditional Asset Management
The line between traditional asset management firms, and their typical offerings of long-only strategies, and hedge funds is becoming more blurred. Traditional asset management firms are developing and promoting internal or affiliate strategies that directly compete with hedge fund offerings. Conversely, the proliferation of '40-Act compliant strategies offered by hedge funds is on the rise, directly competing for retail dollars locked away in long-only mutual funds and ETFs.This convergence of offerings from traditional asset managers and hedge funds introduces a number of challenges for the firms involved - new distribution channels, brand recognition, systems infrastructure and existing culture. In addition, this convergence puts a new demand on human resource departments to cope with talent acquisition and retention, as well as compensation.
For the individual, this convergence may provide a number of opportunities for those able to fulfill the evolving needs of firms.
CAIA Boston and the Boston Security Analyst Society are proud to bring together Kevin McKeon, Director in Wealth & Asset Management at Sheffield Haworth, and Kurt MacAlpine, Partner at McKinsey & Company, to discuss these dynamics and provide insight as to how this convergence may play out over time.
4:30pm - 5:30pm: Registration and Reception
5:30pm - 6:30pm: Presentation
Event Registration Fee: $40.00
Speaker Bio's
Kevin McKeon
Prior to joining, Kevin held both VP and Director roles in Investment Services at Pyramis Global Advisors, a unit of Fidelity Investments, assisting with strategic planning, compensation design, performance measurement in addition to designing the recruiting strategy for the investment platform. Prior to working at Pyramis, Kevin was an Associate Director at Heidrick & Struggles conducting searches for retail, institutional and alternative asset management clients. He specialized in the recruitment of portfolio management and research professionals in addition to investment sales, consultant relations, relationship management, and product specialist professionals.
Kevin earned his Bachelor of Arts in Psychology from Boston College.
Kurt MacAlpine
Kurt MacAlpine is a Partner in McKinsey & Company's New York Office. He is one of the leaders in the Global Asset Management, Wealth Management, and Retirement practice. Kurt primarily serves asset managers and wealth managers on issues related to product management, distribution, pricing, strategy, and growth. He is the co-leader of McKinsey’s global asset management benchmarking survey, which covers $33T and 65% of the total industry assets and provides detailed peer comparisons on over 2,000 performance metrics. Kurt also leads the Alternative Investments service line and the Investment Solutions service line for the Asset Management practice.
Kurt has published a series of white papers on the Asset Management industry related to products and growth including “The Mainstreaming of Alternative Investments: Fueling the Next Wave of Growth in Asset Management”, “The Asset Management Industry: Outcomes are the New Alpha”, and “Growth in a Time of Uncertainty: The Asset Management Industry in 2015”.
Insights from his research have been cited in many leading financial publications including The Wall Street Journal, Financial Times, CNBC, Bloomberg, and Barron’s.