Carrie McCabe is a strategic investor and value creator. While leading transformative teams in building five asset management companies, she has served as the CEO of both Blackstone Alternative Asset Management and FRM/Man, and she founded Lasair Capital in strategic partnership with a Fortune 5 pension trust.
The global asset management industry, now overseeing nearly $120 trillion, faces mounting pressures, including rising costs and growing investor preference for low-fee, passively managed funds. With market appreciation and other revenue drivers expected to slow, firms must rethink their strategies to sustain growth.
Industry surveys show widespread optimism about AI’s potential, with many asset managers planning or already implementing generative AI use cases. Yet, while AI can often outperform humans in predicting earnings or providing rule-based investment advice, many clients expect more than efficient accuracy—they still seek advisors who understand their goals and values. The best asset managers will not lose the critical understanding that many of their clients still value a personal connection.
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