citrincooperman.com
FINANCIAL SERVICES
Embracing Change
The past several years presented nuanced challenges amidst continual market volatility, leaving a lasting impact on what was once “business as usual.”
ESG AND ASSET MANAGEMENT ESG policies have become increasingly important when deciding whether or not to invest in a portfolio company. Asset managers should continue to monitor ESG’s effects on fundraising, financing, and reporting and routinely adjust and adopt best practices.
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STRUGGLE FOR CAPITAL Raising capital over the next 18 months is a top concern of asset managers. One constraint facing limited partners is the so-called “denominator effect,” triggered by the decline in public asset valuations this year.
ALTERNATIVE DATA USE Alternative data is trending to drive process improvement, cater to client demand, find information for new investment strategies, and model key performance indicators in innovative ways. Utilizing alternative data and other sophisticated data-gathering techniques, however, is also increasing cyber security risks.
We are entering a period where business leaders can take a collective deep breath and assess where they stand in anticipation of continued turbulence. The first quarter of 2024 offers an important moment for businesses to refocus, reevaluate, and create effective plans to achieve their strategic vision in the current market.
In today’s turbulent environment, leaders may be tempted to stick with the approaches that have worked for them in the past – regardless of whether they still fit the purpose – rather than rethinking and changing the way they lead. Our team’s professionals are here to provide innovative, actionable solutions to today’s most pressing issues. In 2024, Citrin Cooperman will be delivering timely industry insights, including our Emerging Managers Survey, to help your business effectively address the changes ahead.
Alexander Reyes | Partner and Leader Financial Services Industry Practice areyes@citrincooperman.com
"Citrin Cooperman" is the brand under which Citrin Cooperman & Company, LLP, a licensed independent CPA firm, and Citrin Cooperman Advisors LLC serve clients’ business needs. The two firms operate as separate legal entities in an alternative practice structure. The entities of Citrin Cooperman & Company, LLP and Citrin Cooperman Advisors LLC are independent member firms of the Moore North America, Inc. (MNA) Association, which is itself a regional member of Moore Global Network Limited (MGNL). All the firms associated with MNA are independently owned and managed entities. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.