Steve Doire, CFA, CPA, CPCU
Strategic Platform and Client Advisor
Steve brings extensive knowledge of the insurance industry, insurance asset management, and general asset management to Clearwater and its clients. He works closely with clients and prospects to help them leverage the capabilities of the Clearwater platform. He also collaborates with platform development teams, clients, and other industry influencers to evolve both the Clearwater system offering and the user experience of Clearwater’s clientele. Steve worked for more than 20 years as a leader in Deutsche Asset Management’s insurance asset management group where helped grow the business from $20 billion to more than $200 billion in AUM, including expansion into global markets. He also worked for a P&C company for several years early in his career.
In the face of high inflation and a possible recession, investors are adjusting their strategies to meet the demands of the current market. How are asset managers handling the change? Are they finding new opportunities, or are they hunkering down to wait until the worst is over?
We asked more than 130 institutional investors representing approximately $9 trillion in AUM for their thoughts on inflation, investment strategy, technology, and a possible recession.
The results showed high concern for a prolonged recession, deflating optimism that inflation will improve in the next few years, and a common desire to use technology to navigate the current markets, among other findings.
Survey Highlights
- Over 90% of those polled expressed concern over a prolonged recession, with about half indicating they were very or extremely concerned.
- Nearly a third of respondents said they believe the inflation rate in three years’ time will be over 5%.
- Half of respondents said they have made investments in their technology, and it has paid off. The other half indicated the markets have revealed a need to invest in technology.
- When asked if the depressed market has created buying opportunities, 42% said yes overall, and 24% said yes, but it’s sector and company specific.
The full report can be found here.
Clearwater’s flash polls are designed to get a quick pulse of the market for timely insights into topics like ESG, inflation, and investing in alternative assets. Catch up on other recent polls and keep an eye out for our next survey.