Enterprising Investor: What Lies Ahead for the Investment Management Industry?

What Lies Ahead for the Investment Management Industry?

Jan 13, 2021

Episode #445 What Lies Ahead for the Investment Management Industry?

Heather Brilliant, CFA, chief executive and president of Diamond Hill Capital Management, discusses the outlook for active management, value investing, and small caps and what these forces mean for the future of the industry and CFA charterholders.

Episode Transcript: http://static.3playmedia.com/p/files/5531340/threeplay_transcripts/16494450?format_id=46&project_id=18442&format=pdf

Topics discussed:

• 3:45 - Values vs. Growth: Has the demise of value been exaggerated? Or has value done better than we think?

• 7:10 - Do we have a flowed definition of value?

• 9:10 - The implications of the shift to passive

• 11:01 - What are some other areas where you think active management outperforms?

• 13:20 - How to stay relevant and what is the future of work in the asset management industry?

• 15:00 - Asset industry is becoming the barbell industry. What types of firms are on either side and what's happening in the middle?

• 16:58 - ESG factors and sustainable investing. How is Diamond Hill thinking about ESG?

• 19:39 How do you prevent a focus on short-termism as a public company?

• 20:31 - COVID-19: How are you keeping employees motivated? What did you do this year that was different than in previous years?

• 23:05 What longer term scars will COVID-19 leave on investors of your generation?

• 25:20 - What have you read this year that you enjoyed or got you thinking?

• 26:23 – Wrap up questions