The Spotlight: Shelley Eisenhandler, Partner, Asset Management

Published: January 2018

 

The Spotlight is a regular Q & A feature that showcases our people, their expertise, and trending topics that are on top of our clients’ minds directly from the voices of our business leaders.

Shelley Eisenhandler, Partner, Asset Management

Shelley Eisenhandler, a Partner in the Asset Management practice, manages McLagan’s alternative asset management business, including over 200 hedge funds, private equity firms, and real estate investment managers.

We sat down with Shelley to discuss the latest talent and rewards trends in the alternative asset management space:

How is the emergence of automation and other technological advances affecting traditional hedge funds and small boutique firms?

While quantitative models and algorithms were historically used by systematic trading firms exclusively, more discretionary managers are now utilizing big data, artificial intelligence, and automation across all functions to generate alpha, drive profitability, and improve efficiencies.

If you could describe today’s alternative asset management industry in three words, what would they be?

Evolving, transforming, preparing

How have New York City firms prepared for the recently implemented Intro. 1253-A regulation?

Firms are relying more heavily on internal and external market data prior to extending offers. They’ve trained their internal teams and external search partners on what they can and cannot ask. For 2018, some firms are considering adding more structure and rigor to their compensation design, including potential salary bands. This regulation is only one part of a broader pay equity issue, which is finally being addressed by the financial services industry.

What is front-of-mind for alternative asset management firms in 2018?

Besides the obvious answer of generating positive returns for investors, firms are focused on “right-sizing” their organization for their level of assets and complexity. Much like the broader financial services industry, they are creating new technology-driven solutions and evaluating which functions to insource / outsource in order to drive profitability.

What are the main benefits to achieving pay equity for financial services firms?

As larger firms continue to address pay equity in a strategic way, small to mid-sized firms are using this as an opportunity to assess their practices to ensure there are no pay equity risks or gaps, i.e. that the same role, level of performance, and tenure are paid comparably. This, in turn, benefits investor-reporting and performance in various business areas such as, talent attraction, legal practice, and overall firm reputation.

If you are interested in connecting with Shelley, she can be reached at shelley.eisenhandler@mclagan.com.

General Disclaimer
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Terms of Use
The contents herein may not be reproduced, reused, reprinted or redistributed without the expressed written consent of Aon, unless otherwise authorized by Aon. To use information contained herein, please write to our team.



Talk to an Expert

Let us know how we can help and a member of our team will be in touch shortly.

The Rewards Solutions practice at Aon and other Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. All personal information is collected and used in accordance with our privacy statement.

If you do not wish to receive these communications, please check here: