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The collapse of a built-in bull market has put more pressure on asset managers according to a new report, which will need to make “transformational changes” to enjoy the profitability and growth of years past.
The rivers of gold that have flowed over the last decade have not flowed to more innovative products, according to Boston Consulting Group.
New studies from two big-name consulting firms show the global funds industry struggled to increase profit margins in 2020 despite reporting bumper growth in assets under management (AUM). Reports from both EY and the Boston Consulting Group (BCG) found double-digit expansion in global funds management AUM during 2020. The BCG study says AUM increased year-on-year…