Chanticleer

The funds management shakeout is on – is it about to get worse?

When easy money stops flowing, bean counters put their fund manager’s model through a business lens and start asking hard questions.

Apr 25, 2024 – 1.47pm

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It’s tough out there for fund managers – and they’re bracing for it to get worse.

When you see First Sentier shutting what was once the best fixed income strategy and team in the country, Perpetual hit with $5.2 billion outflows in a quarter and Macquarie’s equities desk trading a $1 billion-plus growth equities transition portfolio all at about the same time, you can be sure there is blood on the streets.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.