Why big may not always be beautiful in fund management

'Large firms just can't stay one size...'

clock • 4 min read

When a firm transitions from ‘boutique' to ‘large' the dynamics change materially, and the pressure on executives to continue driving through growth only increases, writes James Sullivan

When the monster stops growing, it dies. It can't stay one size John Steinbeck, The Grapes of Wrath Steinbeck was referring to ‘the banks' that fed on the labour, payments and taxes of tenants and landowners. That quote has always resonated we me, working in asset management. One common critique I have faced throughout my career, given I have typically worked for boutiques, is "it must be difficult being small". Earlier on in my career, my response would have been along the lines of "yes, it is" but as I've become more battled hardened, my response has moved towards "it's n...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

A very old saying with a very modern problem: Exploring behavioural biases

A very old saying with a very modern problem: Exploring behavioural biases

'If only the calendar could tell us when to take risk and when to retreat'

Ian Jensen-Humphreys
clock 16 April 2026 • 4 min read
Franklin Templeton launches enhanced indexing equity fund range for UK investors

Franklin Templeton launches enhanced indexing equity fund range for UK investors

Four funds launched

Michael Nelson
clock 13 April 2026 • 1 min read
Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read