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The Unmet Need for Active Wealth Management
I saw the traditional asset management world focused on public equities going passive and at the same time we saw this explosion of innovation. I do feel the unmet need that we are filling is innovation as a special asset category. It's just so ironic that because of what happened in the tech and telecom bust, people won't go near a lot of innovation these days. That's a good thing from a portfolio manager's point of view. If we're right, and these five major platforms which involve 14 different technologies are going to disturb, if not destroy the traditional world order if we are right then it is imperative that investors have an allocation to innovation.