SE: Asset Managers on Brink of a Crisis

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Bloomberg Markets & Finance via Youtube

Aug.08 — Asset managers are facing an existential crisis. For years, investors have been shifting their money into passive funds. The move has pushed fees lower, led to the loss of thousands of jobs and forced large-scale consolidation. Now the industry is on the edge of shake-out and only the strongest will survive. Bloomberg’s Suzy Waite reports on “Bloomberg Markets: European Open.”

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