The asset management industry's "historically healthy economics are deteriorating", according to a report by a Deloitte consultancy Casey Quirk, which outlines four catalysts for change in the sector and highlights the types of businesses that can survive.
The study, Survival of the Fittest: Defining Future Leaders in Asset Management, warns annual revenue growth will fall to 2.9% from 6%, median profit margin will drop to 28% from 34% and the industry's...
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