The rise of the mega-managers

LEADER

The next six years will see the rise of a new breed of ‘mega-managers' handling trillions of dollars, according to a report from PwC.

This is thanks to the growing middle class in emerging markets, as well as baby boomers saving for longer retirements. Fuelled by these savers, global asset managers will operate on a truly international scale, with a presence in all channels in all countries. This promises better due diligence of diverse markets by fund managers, as well as firms’ ability to tap into global expertise. But in an industry where trust is paramount, fund managers must find the balance between global efficiency and local demand. There may be a McDonald’s on every corner, but clients in different countries...