Chief executives of asset management firms in Europe have been riding the tide of rising markets, but despite remaining bullish about the future of the industry, concerns over monetary tightening, bond illiquidity and investor confidence are weighing more heavily on their minds. (Story continues after graphic)

This year's Financial News Asset Management CEO Survey - which in April and May gauged the views of 45 European and global heads at investment houses that manage a combined €15 trillion of assets globally - found the majority of chief executives were confident about the future for their business and the industry over the next 18 months.