Punctuated Equilibrium and the New Asset Management Reality

By: Rick Lacaille

August 2016


What do Darwin’s finches and active managers have in common?

Maybe more than you think.

Unprecedented advances in data and technology are unlocking new sources of alpha and helping to spur the next generation of management. In fact, investment management could be on the cusp of a period of evolutionary “punctuation”— transformative change with dramatic implications for stakeholders.

What steps can you take to avoid extinction? State Street Global Advisors' Chief Investment Officer, Rick Lacaille examines the new asset management reality — and the trends firms must embrace to remain relevant.