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.
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.
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