A new global study commissioned by Intertrust Group reveals the extent to which large cap private capital managers are leaving smaller firms behind in the race to invest in transformative technologies such as machine learning, robotics, big data and blockchain to gain a competitive edge.
The study, The Future of Fund Technology, based on interviews with 300 private capital fund senior decision-makers in the UK, Europe, North America, and Asia, found that 87 per cent of large cap managers with over USD3 billion of AUM plan to increase their tech spend over the next five years, of which 17 per cent are budgeting at least a 20 per cent budget uplift.
In contrast, barely half (48 per cent) of firms with an AUM of USD250 million to USD500 million expect to spend more on tech and over a third (34 per cent) plan to shrink their budget, compared to only 3 per cent of large funds.
