Active fund management houses failed to increase profits despite growth in assets under management in 2016, as the industry struggles in a competitive climate.
According to a report by McKinsey compiled for FTFm, worldwide profits for mutual fund companies fell 2.9% to €66bn (£58.2) during 2016. This is despite total assets under management across these firms...
Second London acquisition in three years
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290,000 already affected
Putting the tech into protection