Banks Set To Profit As Asset Managers StruggleRupert Hargreaves
Not just hedge funds in particular... Asset Managers face growing problems
Since the financial crisis, it has been banks that have borne the brunt of regulatory changes, which when coupled with hefty fines regarding pre-crisis actions and near zero interest rates, have crippled profitability.
While banks have struggled, asset managers have been able to push ahead, although . . .
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