Peter Toogood: Fund groups know the writing is on the wall

As groups feel the ongoing pressures of increasing costs, more onerous regulations and the rise of passives, asset managers will be forced to develop more innovative products to meet client demand for outcome-focused solutions, he said. Toogood also urged firms to stop comparing themselves and trying to beat the benchmark, but instead focus on alternative outcomes, such as products that deliver genuine alpha or absolute returns. "Not many teams are equipped for this process and it implies lots of parts of the food chain are overpaid," Toogood said. "Fund management groups know the ...