Punctuated Equilibrium and the New Asset Management Reality

Transcription

1 Marketing Communication Punctuated Equilibrium and the New Asset Management Reality Finance Conference 2016 Rick Lacaille, Chief Investment Officer This material is solely for use at the Finance Conference 2016 in Copenhagen on 17 November 2017 and is not intended for public dissemination. 1

2 Punctuated Equilibrium vs Darwin s Theory of Evolutionary Gradualism Stephen Gould Charles Darwin Source (Charles Darwin): Source (Stephen Gould): h The information contained above is for illustrative purposes only. 2

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4 From Humble Beginnings to Astronomical Scale > billion messages sent a day > 2 million Google search queries a minute 72 hours of new video to YouTube a minute > 340 million tweets a day Sources: SSGA; Computerworld May 31, 2011; The Radicati Group; ZDNet.com; YouTube.com; Google.com; Apple.com; 4

5 Jawbone The Innocuous Fitness Tracker Source: JawBone 5

6 The Future is Here Sources: Geoagro.com; FTC.gov; WSJ.com; Savi.com. The information contained above is for illustrative purposes only. 6

7 The Future is Here Sources: FitBit; Allthingsd.com; Dataminr; AirSage.com The information contained above is for illustrative purposes only. 7

8 The Future? Source: The information contained above is for illustrative purposes only. 8

9 Biography Richard F. Lacaille Rick Lacaille, Executive Vice President is Global Chief Investment Officer (CIO) of State Street Global Advisors and a member of the firm's Executive Management Group. In his role as Chief Investment Officer Rick has responsibility for all investment management activity at SSGA, including research and trading. Prior to his current role, Rick was Head of Global Active Equities, and previously European CIO. Before joining SSGA in 2000, he held a wide variety of posts in quantitative fund management and research at Gartmore Investment Management, including periods as Head of Quantitative Research and Head of Structured Equities. Rick has a BSc (Hons) in Operational Research from Lancaster University and MSc in Econometrics from London Guildhall University. Rick is a member of the FTSE Policy Committee and the Asset Management Committee of the Investment Association. He is a regular writer and broadcaster on investment issues and speaks frequently at industry conferences. 9

10 Disclosures FOR INSTITUTIONAL USE ONLY Investing involves risk including the risk of loss of principal. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent. The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2004/39/EC) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information. The views expressed in this material are the views of Global Product & Marketing through the period ended March 31, 2016, and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. State Street Global Advisors Belgium, Chaussée de La Hulpe 120, 1000 Brussels, Belgium. Telephone: , Facsimile: SSGA Belgium is a branch office of State Street Global Advisors Limited. State Street Global Advisors Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. This communication is directed at professional clients (this includes eligible counterparties as defined by the Financial Services & Markets Authority (FSMA)) who are deemed both knowledgeable and experienced in matters relating to investments. The products and services to which this communication relates are only available to such persons and persons of any other description (including retail clients) should not rely on this communication. The information contained in this communication is not a research recommendation or investment research and is classified as a Marketing Communication in accordance with the European Communities (Markets in Financial Instruments) Regulations This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research. Web: State Street Corporation - All Rights Reserved Tracking Number: Expiration Date: 12/31/2017 GLSTND

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