Big Fund Managers Could Get Bigger Amid Continued Changes

There are three major trends that are all gravitating around the asset management industry, a McKinsey & Company report notes. Ultimately active managers, particularly at smaller firms, could be headed for increasing difficulty. In the wake of the 2008 financial crisis, a “new abnormal” has occurred – and McKinsey didn’t even touch market volatility when considering the abnormality. [timeless]   Even as passive management grows, its share of revenue remains consistent While the passive asset management industry had grown from 12% to 18%, something odd has occurred: their share of industry revenue has remained consistent at 3%. While passive management…