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Fund managers are still in the Stone Age

The UK asset management industry is languishing in the doldrums

Schroders' revenues have dropped and others report a similar trend
Schroders' revenues have dropped and others report a similar trend

The Stone Age did not end for lack of stones. It was over when people discovered that bronze made better weapons.

The UK asset management industry will not end for lack of funds. But its strength is waning, as its clients cash up or go abroad for better opportunities.

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