“A bull market for assets but not for asset managers”, is how we might look back at the past few years. The active fund management industry has been in trouble, caught in a pincer movement of pressure on fees and higher regulatory costs. Moreover, the bull market in assets has been concentrated in the US and specifically its technology stocks. As investors could just access beta to this phenomenon more cheaply through passive products, they did not need active managers who charged a higher fee but…
‘Herd Immunity’: how the virus will change the fund management industry
22 Apr 2020
Posted by Barry Norris