Case study of a US asset manager

“Asset management is a craft industry and may always remain so. Its food chain is changing but predictions about consolidation are too simplistic. In manufacturing, consolidation is occurring in ownership, not activities: as size has proved an enemy of alpha, the craft end is being fragmented to create independent and ...

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands