What's top of mind for mutual fund and ETF managers today? Many firms would say that liquid alternatives and Big Data are very high on their agendas. NICSA explored these two priorities at its workshop "Megatrends in the Fund Industry" which was held in Los Angeles in May.

Liquid alternatives. Admittedly, it's hard to imagine a fund industry where regulation isn't taking up all the bandwidth, as it has since 2008. But now that the outlines (if not all the details) of the post-credit crisis regulatory regime are in place, the industry can focus again on generating growth - and liquid alternatives funds have become a key driver of that growth.

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