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Tokenization of Financial Assets: Context Tokenization is a buzzword that is used by many in the industry without a single definition or a deep understanding. At its core, tokenization refers to the process of creating a digital representation of an asset on a blockchain or distributed ledger, where each token represents a claim, share, or
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The Autonomy Trap: How Unchecked Autonomy Fragments Investment Operations
Many firms struggle with fragmented processes, duplicative efforts, and stalled transformation initiatives. What may seem like agility at the team level often creates hidden risks, rising costs, and significant barriers to scale. Enterprise solutions such as Total Portfolio View (TPV), Investment Book of Record (IBOR), and centralized analytics platforms are designed to unify organizations through
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2026 Trends: The Next Generation Operating Model – AI, Data, and Alpha at Scale
In 2026, the competitive gap in asset management will continue to widen between firms that industrialize data and Artificial Intelligence (AI) on cloud-native, interoperable architectures with embedded governance versus firms entrenched in legacy operating models and endlessly piloting on antiquated infrastructure. AI is THE multiplier: it amplifies strengths in clean, governed data, modular platforms, efficient processes, and exposes weaknesses in operating models, including data silos, manual ‘low value’ work, and unclear data ownership.
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Finding the Groove: Data Strategy as Foundation
Is Your Data Strategy Playing in Sync, or Out of Tune? Think about the last time you saw a truly great band. The vocals soared, the guitar solos amazed… but what about the drums and bass? Odds are, you didn’t notice them much, and that’s exactly the point. They set the foundation, creating the groove
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From Bricks to Bytes: A Modern Blueprint for Data Architecture Inspired by Urban Design
The most powerful ideas often come from unexpected conversations. I had a philosophical dialogue with my partner, an urban designer from Harvard. We discussed how cities are planned not just for the present, but for decades ahead. It struck me: data architecture faces the same challenge. Just as an urban designer balances growth, mobility, and
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From Data to Decisions: Leveraging Your Total Portfolio View
In recent articles, we’ve examined why delivering an effective Total Portfolio View (TPV) is difficult, the data obstacles firms face, and why an Investment Book of Record (IBOR) often plays a key component in constructing your TPV. I’d like to step back and consider the utility a TPV delivers. It is not simply the accumulation
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How Investment Performance Teams Drive Revenue Growth and Retention
Reframe Performance as a Growth Engine, Not a Cost Center There is a flaw in the assumption that the investment performance department is a cost center. Revising this assumption clarifies why firms are funding performance transformation projects. Reframed as a core product interface and growth enabler, performance improves client experience, creates a strategic feedback loop,
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Transformation Tapes, Episode 3: Derivatives
Manual steps, errors, and costly trade failures often plague derivatives operations. AI can help firms transition from firefights to foresights by reducing downtime, accelerating reconciliations, and freeing teams to focus on meaningful work. David Raza discusses this topic in his recent article, From Friction to Flow: Rethinking Derivatives Operations with AI. Listen to the highlights
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Same Fund, Different Returns: Explaining the IRR Gap
“Why did my investment underperform the fund?” It’s an uncomfortable question, and one that private fund managers are hearing more often. As investor-level performance reporting becomes more common alongside traditional fund-level Internal Rate of Return (IRRs), a growing truth has come into focus: the same fund can deliver materially different outcomes to different investors. Increasing
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Sticky by Nature: Why Canadian Asset Owners Struggle to Achieve Total Portfolio View
For Canadian pension plans and institutional investors, Total Portfolio View (TPV) refers to a synchronized, near real-time understanding of public and private holdings and exposures across the enterprise. It’s the cornerstone of investment clarity, empowering decisions, strengthening oversight, and unifying front-to-back investment processes. Yet for Canadian asset owners, achieving TPV isn’t just complex; it’s sticky.
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