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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...