The Fund Industry Is Overdue for Change --

By Anonymous

Expect to see consolidation, a push overseas, and more specialization in the years ahead


Reshma Kapadia Barron’s

A bull market can make even a troubled industry look good. And make no mistake: The asset management industry is troubled. Strong market returns have masked the pain, feeding complacency rather than sparking a fight for survival.

That complacency is about to change -- though perhaps not as quickly as it should.

The industry’s challenges often...