To coincide with the publication of the findings, Financial News invited a group of leaders in the asset management industry to a roundtable discussion to analyse the findings of the survey. While survey respondents indicated a greater sense of optimism this year compared with 2010, the roundtable participants warned against complacency in a more benign performance environment, and pointed to possible delayed effects of impending regulation. When it comes to the biggest threats on the horizon, poor investment performance is still the top concern, followed by investor sentiment, staff retention, pressure on fees, regulatory intrusion and cost of regulation.