Gold has hit fresh high upon fresh high in recent weeks as investors flee rollercoaster markets in search of a ‘safe haven.'
Trust is the most important asset the industry has, so imagine the nightmare if it is lost or threatened.
Just as we feared, 2011 is proving unrewarding for most investors. Days of gloom and falling markets alternate with days of enthusiasm and love of risks.
The predictions of consolidation within the asset management industry come and go with the economic cycles and stock market volatility.