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European Head of Investment Consulting
Watson Wyatt Worldwide, Inc.
Direct Phone: +44 **********
901 N. Glebe Road
Arlington, Virginia 22203
Towers Watson & Co. is a global professional services company, which helps organizations improve performance through people, risk and financial management. The Company offers solutions in the areas of employee benefits, talent management, rewards, and ris ... more
Member of the Investment Committee
Politics and Modern History
Henley Management College
VanMac Global Hedge Fund Consultants
According to the research paper, the ad valorem fee basis on which the industry in centred means that profits will remain under pressure as long as market returns and new inflows remain low and while there is little appetite for raised fees.
It concludes that asset managers will continue to reduce headcount by around 10 per cent (mainly in non-core roles) and costs (mainly in variable pay) by around 20 per cent in order to return to profitability.
"This is clearly an unstable business environment for active managers and 'people' issues are likely to be superseded by 'business' issues as the principal concern of management and chief among these will be consolidation, regulation and sustainability," said Trickett.
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