How transparency is reshaping the asset management industry and rebuilding investor relationships

Imagine going to buy bread from a baker who promises to try his best to bake a good loaf, but cannot promise the outcome, nor tell you how much it will cost. Chances are his bakery will not survive long. Yet, the nature of fund management means an investor is typically offered just such an ambiguous bargain, says Nitin Mehta, managing director, EMEA at the CFA Institute