Mutual Funds Weather the Storm

August 17, 2009

While most asset managers have survived the global financial crisis, they still face many uncertainties: internal cost pressures, changes in products, heightened investor demands, headcount reductions, fund closures and tighter regulatory scrutiny. Thus, Ernst & Young recent brought industry leaders and E&Y executives together at seminars in New York and Boston to learn their views on important industry trends. They expressed confidence that this resilient sector will not only weather the storm, but emerge stronger, with more cost-efficient and effective operations. The changes will likely comprise new outsourcing strategies, product line and technology rationalization and holistic risk management.

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