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Throughout our careers in asset management, investment consultancy, and pensions we saw first-hand how inefficient the process of investing can be. We worked with pension funds that had brilliant investment ideas but spent six months or more implementing them, spending thousands on legal work and management agreements before a single penny of their members’ money could be invested. We worked with managers who wanted to sell globally but struggled to make themselves visible to investors over the world – and then to comply with each new country’s regulatory requirements and tax regimes. We saw how both sides worked hard to generate returns, but saw too much value leaking from the process as the cost and complexity of doing business mounted up. View profile
Throughout our careers in asset management, investment consultancy, and pensions we saw first-hand how inefficient the process of investing can be. We worked with pension funds that had brilliant investment ideas but spent six months or more implementing them, spending thousands on legal work and management agreements before a single penny of their members’ money could be invested. We worked with managers who wanted to sell globally but struggled to make themselves visible to investors over the world – and then to comply with each new country’s regulatory requirements and tax regimes. We saw how both sides worked hard to generate returns, but saw too much value leaking from the process as the cost and complexity of doing business mounted up.
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