For adviser and client to determine value, not regulator - Kames' Martin Davis

Kames Capital's chief executive officer Martin Davis warns the asset management industry faces many hurdles over the next few years, flagging widespread concerns such as rising regulatory costs and pricing pressures. However, he believes the greatest challenge for the sector is increasing short-termism among investors and how this will impact long-term returns. He says "opportunities will be lost and returns will be lower" as investors react to short-term events, whether that is Brexit, tensions in North Korea, the oil price or geopolitical risks, and quickly move in and out of invest...