MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 13, 2009 Fund Managers Need a Clear Advantage and Defined Business, Says BCG Last week's study from Boston Consulting Group is making bigger waves. The research -- which predicts tighter margins for fund firms and an uptick in m&a activity -- gets follow-on treatment by Sam Mamudi, author of this morning's WSJ Fund Track. Brent Beardsley, a partner at BCG in Chicago, is not optimistic for fund firms: "Many asset managers haven't seen anything like this in their professional lives -- they've always had high margins," he told Mamudi. "Most firms are ill-prepared for more competition and a harder environment in which to make profits." Beardsley argues that successful managers will "have a competitive advantage and clearly define their business." The paper points out two winners in this environment: Pacific Investment Management Co. (Pimco) and Vanguard Group. It also points to BlackRock's purchase of Barclays Global Investors from Barclays PLC as a possible kick-off to a round of consolidation. Printed from: MFWire.com/story.asp?s=22042 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |