CONNECTIVITY 2018: Exploring the White Space
As industries evolve and markets transform, it is essential to reach beyond traditional investment analysis and think about the white space between asset classes, sectors, geographic regions, and investment teams. Our inaugural CONNECTIVITY client conference featuring outside thought leaders explored this white space. Key takeaways included:
Technological Disruption is Here to Stay
A number of technology trends (including artificial intelligence, cybersecurity, and biometrics) will change the face of nearly every industry.
ESG Factors Must Be Integrated with Financial Return Objectives
Companies investing in material environmental, social, and governance (ESG) issues have the potential to experience higher growth in profit margins and superior risk-adjusted stock returns.
New Competitors Are Penetrating Mature Segments
In a range of industries (direct-to-consumer travel being a key example), start-ups are using new marketing approaches to shake up mature market segments, enabling little-known brands to win against well-known leaders.
Cybersecurity (and data privacy) is the most important ESG topic in 2019 for CONNECTIVITY 2018 attendees. Based on 56 responses, as of October 18, 2018.
The temptation to lead as a chess master, controlling each move of the organization, must give way to an approach as a gardener, enabling rather than directing. A gardening approach to leadership is anything but passive. The leader acts as ‘Eyes-On, Hands-Off’ enabler who creates and maintains an ecosystem in which the organization operates.
General Stanley McChrystal
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MiFID II Update
MiFID II Overview
In response to the European MiFID II Directive, William Blair Investment Management plans to absorb external research costs for clients globally, not just those subject to MiFID II’s research rules. We plan to implement the same treatment for all of our clients as soon as we are able to pay hard dollars for external research across our investment strategies.
- Treat all our clients fairly, regardless of location
- Ensure ongoing access to high-quality external research to deliver strong investment outcomes
- Enhance transparency with clients, as we continue to serve as a trusted, valued partner
Download PDF: William Blair’s Client Letter
What is MiFID II?
- MiFID II legislation went into effect in Europe on January 3, 2018
- It’s designed to offer greater protection for investors and inject more transparency into all asset classes
- The legislation introduces new rules on trading inducements, remuneration for research, best execution, market transparency, and the regulation of algorithmic trading
Our active ownership culture creates long-term client relationships by helping you achieve successful investment outcomes. Contact us to learn how we can partner with you.