The funds industry is in flux. As regulatory costs force established players to consolidate, innovations such as exchange-traded funds and cryptocurrencies threaten to seize an ever-greater market share.
“Change is the nature of things,” declared the Greek philosopher Heraclitus. Few in the funds industry would care to disagree with him.
After the 2008 financial crisis, when memories of lock-ups and frozen assets were still fresh, illiquid funds were shunned. Not so in 2018.
A panel of experts from across the funds industry was asked to comment on the survey.
