Convergence Inc. Announces Its Alternative Asset Management Industry Update

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Report Provides Key Data Findings on 15,000 Investment Advisors

Convergence, a leading data analytics and advisory services company, announces its annual 2015 Alternative Asset Management Industry Update. The report focuses on business trends among alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity.

Key findings sourced from 15,000 Form ADVs and brochures filed by non-exempt and exempt Investment Advisors for the 12 months ended March 31, 2015, found that the proliferation of new products and new distribution channels along with increased demands for transparency have significantly altered the demands on the infrastructure of alternative asset managers. These trends lead to greater operating “complexity”, which results in more process requirements and higher operating costs in order to address a higher level of operating risk.    

The Alternative Asset Management Industry Update from Convergence also provides analysis and insight on:

  •     Overall Industry Growth
  •     Leadership and Staffing
  •     Business Complexity and Risk
  •     Industry Regulation
  •     Service Providers
  •     Operating Productivity

The Convergence observations include that it is becoming increasingly common for investors and allocators to spend more time and attention on operations-related due diligence efforts. A proprietary method to collect and enrich data -- the Convergence Complexity Index (CMDX-CI™) -- helps managers, investors and service providers understand levels of operating risk within and across managers of different sizes and investment styles. CMDX-CI™, tracks 15 complexity factors that provide insight into the complexity of the Alternative Asset Manager and how those organizations compare to others in the industry with the same level of complexity.

This unique data and insight will allow managers and advisors to put increased focus on defining their current operating metrics, establish clear operations-related objectives, and see a clearer path to a company’s growth plans.

To access the Convergence 2015 Alternative Asset Management Industry Update click here:

For additional industry insight and information from Convergence, visit:

About Convergence
Convergence provides analytical data, benchmarking, custom research and advisory services to the Alternative Asset Management industry. The firm’s data is unique because it is enriched by subject matter experts and provides best practices based on carefully selected peers. Convergence focuses on a manager's infrastructure including fund and Management Company accounting, investment operations, risk management, marketing materials, investor relations, tax, compliance, technology and service providers. Clients include asset managers, administrators, audit firms, financial technology firms, investment management consultants, prime brokers, custodians, investors, compliance firms, recruiting firms, colleges and universities and individual research. The Convergence approach creates value for clients by helping them research, understand infrastructure expenses, identify opportunities to increase market share, ensure practices are consistent with best in class peers, select service providers that best support strategic business goals, enhance investor due diligence efforts, perform difficult custom research and provide ongoing education. For more information on Convergence please visit or contact George Evans at or 215-704-7100.

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Annie Scully