Keith Hale, CEO of fund accounting and investor servicing provider Multifonds, has said the asset management industry is at a turning point, as a result of increasing regulation and heightened pressure on fees since the global financial crisis.
He observed the industry is in an entirely different place compared to before the crisis and while the threat of disruption remains unlikely from a Google-type giant, it is crucial firms continue to innovate...
38 VCTs raised funds in 2016-17
$4.4bn weekly outflows
Double the size of holdings in existing AR fund
Urging Treasury to appoint more women
China's debt could reach $7.6trn by year-end