Asset managers remain under considerable pressure in spite of the rally in asset values from their mid credit crisis lows.
Investors are favouring less expensive products and will only pay higher fees where managers can clearly demonstrate added value. New sources of operational, regulatory and tax risk must be managed.
Yet opportunities are emerging for firms to adapt their business models to the environment in which they find themselves, and to gain competitive advantage.
Our asset management practice is divided into four sub-sectors, each with its own challenges and opportunities. These are: