Kames' Davis: It is up to an adviser and a customer to determine value, not the regulator

Repercussions of growing short-termism

Martin Davis, CEO of Kames Capital, talks to Natalie Kenway about the repercussions of growing short-termism, his response to the FCA's Asset Management Market Study, and the group's move to become more integrated with other Aegon subsidiaries.

Kames Capital's chief executive officer Martin Davis warns the asset management industry faces many hurdles over the next few years, flagging widespread concerns such as rising regulatory costs and pricing pressures. However, he believes the greatest challenge for the sector is increasing short-termism among investors and how this will impact long-term returns. He says "opportunities will be lost and returns will be lower" as investors react to short-term events, whether that is Brexit, tensions in North Korea, the oil price or geopolitical risks, and quickly move in and out of invest...