Business confidence strong for top-tier asset managers

Thumbs up hopeAsset managers are entering spring in an upbeat mood, a poll indicates, in what is a turnaround in sentiment from last year.

Investit, an asset management consultancy in London, found 94% of attendees at its recent conference were feeling confident for 2015, with 35% saying they were extremely confident. This is a significant change to sentiment in September 2014 where 36% of attendees felt their firms were “braking hard with their position likely to weaken”.

Catherine Doherty, Investit chief executive, says: ‘We have been running this poll at our conference for the past ten years and this is the highest level of confidence we have seen.”

She adds that many firms are starting significant projects to invest in their own infrastructure, processes and businesses.

The poll found that the top initiatives for the next 18 months are: compliance with regulations; data strategy and management; and operating platform strategy.

The conference was attended by more than 70 senior managers from 20 top-tier investment management firms and operations service providers.

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