The Adviser Centre's Toogood: Fund groups know the writing is on the wall

Facing numerous industry pressures

Peter Toogood, CIO at The Adviser Centre, has said asset managers are about to face huge changes very quickly, but warned many firms are not equipped to respond effectively to the evolving landscape.

As groups feel the ongoing pressures of increasing costs, more onerous regulations and the rise of passives, asset managers will be forced to develop more innovative products to meet client demand for outcome-focused solutions, he said. Toogood also urged firms to stop comparing themselves and trying to beat the benchmark, but instead focus on alternative outcomes, such as products that deliver genuine alpha or absolute returns. Pacific's Lamb: Active management in 'trough of disillusionment' "Not many teams are equipped for this process and it implies lots of parts of the food cha...