Commentary

Why ‘business as usual’ is no longer an option for asset managers

Some of the world’s biggest fund groups are reinventing themselves as technology and a changing investor base force a shift in mindset

Asset managers face growing competition from cheaper products and many have struggled to deliver above benchmark returns
Asset managers face growing competition from cheaper products and many have struggled to deliver above benchmark returns Photo: Dan Kitwood/Getty Images

Mike Hughes is global head of fund services at Citi Investor Services and Amin Rajan is CEO at Create Research

The asset management industry’s profit dynamic has been worsening with the rise of passive funds.

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