, Columnist
Who Took the Fun Out of Fund Management?
Three reasons why the industry is so full of angst right now.
This article is for subscribers only.
"Happy families are all alike; each unhappy family is unhappy in its own way," was how Leo Tolstoy started his novel Anna Karenina. The three tribes that make up the asset management business are each suffering their own crisis of confidence -- and none of them has anything to do with Brexit.
In the past fortnight, I've attended a trio of separate seminars in London on the future of hedge funds, the future of exchange-traded funds, and the future of asset management. All three had a palpable undercurrent of anxiety about what tomorrow will bring.