Big super mergers create havoc for fundies as mandates get yanked
It’s clear the days of investment managers raking in easy money ended long ago. And some of the best-known firms are getting hit hardest as demand dries up.
Funds management firms are increasingly on edge about large customers yanking money from them – and rightly so.
The rationalisation and mandate losses sweeping through the local funds management sector are causing a shakeout and hollowing out of the industry. These forces aren’t abating and the heightened fee pressure is set to leave the industry looking markedly different by the decade’s end.
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Joyce Moullakis is an Associate Editor writing across company news, policy issues, investment banking, private equity and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au
