Asset managers are under threat from all angles. Soaring inflation, rising interest rates and increasing geopolitical risk have all stunted inflows this year. Revenue, profit and assets under management have also been dented.
Against a challenging market backdrop, fund houses need to look to the future, and are being forced to consider how changing dynamics such artificial intelligence will disrupt their existing business models.
Competition has forced some asset managers to expand into new markets, while the rising threat of passives still looms over active stock-pickers.
Asset managers need to adapt. But are they changing fast enough?
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