Garrett-Cox: How an industry lost investors' trust

HOW INVESTORS LOST FAITH

Alliance Trust chief executive Katherine Garrett-Cox tells Kyle Caldwell why the group is perfectly positioned to exploit shortcomings in the fund management industry.

Katherine Garrett-Cox has witnessed extensive changes in the asset management sector over the course of her 20-year career. The number of products in the market has grown enormously and investors today have never had more choice. The proliferation of structured products, exchange-traded funds, and other types of alternative investment vehicle have led investors to look beyond plain vanilla offerings in search of returns. But Garrett-Cox argues this increased product complexity has caused the public to lose trust in the fund management industry. “The whole industry has become a lot ...