Fund management community bullish

Business confidence among the fund management community has risen for the seventh consecutive quarter reflecting strong increases in both volumes and profitability. Ranjiv Mann, senior economist at PriceWaterhouse-Coopers, said the continued optimism has been fuelled by strong volume growth and greater efficiency, even though total costs rose over the past quarter. Mann said recent research into business confidence shows on balance, 30% more fund management firms were optimistic about the overall business situation in the fund management sector than had a negative perception. That is ...