Director of Research, E.V.P., Co-Founder of Strategic Insight
In 1986, Avi co-founded Strategic Insight (SI), a research and business intelligence firm for the mutual fund industry. In its early days, SI focused on the small, emerging U.S. fund industry. Today, SIís research and technologies are shared throughout the world with companies that collectively manage a majority of the $40 trillion invested in mutual funds globally. Strategic Insightís data, research, and consulting services assist dynamic asset managers aspiring to benefit from the expanding demand and opportunities for investment management in the U.S., Europe, Asia, Latin America, Canada, and Australia. SI business intelligence empowers investment managers (e.g., in the U.S., managers of over 90% of the U.S. fund industryís assets are SI subscribers, including new entrants); insurance companies offering retirement income solution; consultants, investment banks, and service providers; and regulators and industry associations, among others.
Avi participates in the on-going development of SIís Simfund, a business intelligence database used broadly by investment firms searching for global expansion opportunities, as well as local peer benchmarking. Simfund tracks monthly near $40 trillion in mutual fund assets and integrates proprietary SI data fields (flows and AUMs, fees, new funds, distribution mapping; comprehensive fee data; proprietary data from SIís subsidiaries in Canada and Australia, etc.) with data from the industry associations, regulatory filings, tracking companies (Morningstar, Lipper, Access Data, etc.), and more.
Avi contributes to SI research, which spans how the mutual fund industry is adapting to the changed environment; product innovations; distribution and pricing trends; fee and profitability benchmarking; board education; fact-based studies helping in mapping growth opportunities globally; income-at-retirement trends; and peer analysis. Avi also advises SIís clients, which, besides investment managers and distributors, include investment banks; M&A, consulting, law, audit, back-office, and hedge fund firms; and U.S. governmental agencies.
Avi presents often to mutual fund directors. As a passionate industry observer and strategist, Avi is widely quoted in the media and is often a panelist or a keynote speaker in investment management industry events. For example, in October 2013 Avi discussed the lessons of the shifts to fee-for-service distribution model at a gathering of the heads of worldís mutual fund industry associations (International Investment Funds Association). In 2015, Avi presented in a number of leading industry conferences in Asia, Europe, and the U.S. Aviís report, ĎMutual Funds and Systemic Risk,í was shared with U.S and global regulators in 2015, and was well received throughout the mutual fund industryís leadership.
In 2011, Avi co-authored a seminal paper commissioned by the European Fund and Asset Management Association (EFAMA), which analyzed and benchmarked fund fees in Europe and how they compared to mutual fund fees in the U.S. A similar Strategic Insight study commissioned by the Canadian industry association was published in November 2012 and was shared with regulators in Canada.
Avi was raised in a farming village in Israel, studied Chemistry at Tel Aviv University, and received an MBA, with distinction, from New York Universityís Stern School of Business.