“My one wish is to improve perception of our industry. This is a great industry that helps people every single day, and it should be ahead of dentistry in terms of public perception.”
So says one of the panellists on the New York roundtable published in this issue. Among other topics, the New York panel (we have two other panels in this year’s ‘Global Industry’ report, one in Hong Kong and one in London) dwells on the issue of trust and it is clear that some fund management professionals still feel that the public perception of them, and of advisers, is pretty low, or at least confused.
The problem of trust could grow in line with the industry’s booming assets under management - or so says another of our New York experts. The reason is that the largest asset managers, such as BlackRock and Vanguard, are becoming ever-greater owners of the corporate world.
A big political issue could be in the making because of this and the panellist assures us there is a “cottage industry of lawyers, law professors and some economists” already talking about it.
Nick Fitzpatrick, Group Editor, Funds Europe
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