COVID-19 and the evolution of the alternative asset manager operating model

Michael Fastert
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Michael Fastert: Chief Operating Officer and Chief Legal Officer, TIG Advisors, USA

Journal of Securities Operations & Custody, 2022, vol. 14, issue 2, 122-132

Abstract: As a result of one of the great human tragedies of the 21st century, the world has been enduring some form of ‘lockdown’ or curtailment of ‘normal’ since early 2020 due to the global COVID-19 pandemic. The impact of COVID-19 on the human condition has been immeasurable; sociologists and psychologists will have source material for many decades as they attempt to put this virus and its ramifications on the world into context. Most of those reading this are neither of the above, however, so the focus for this paper will be the effects of COVID-19 on the asset management industry and how we as an industry operated during the pandemic. Most importantly, this paper will seek to explore trends that were accelerated as a result of the pandemic and what the future operating model for the asset management industry could look like. As my core expertise is the alternative asset management industry, this commentary will focus mostly on that particular subset of the industry, but certain aspects will be applicable to different types of fund operating models across the spectrum.

Keywords: COVID-19; business model; outsourcing; cloud; alternative investments; automation (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2022
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