Alongside continued fee pressure and unfavourable macroeconomic factors, client teams are gearing up for an eventful 2024. With Fixed Income and Alternatives leading the way in expected inflows, asset managers will be competing for assets in an industry that is consolidating at a rapid pace. The prevalent themes for 2024 will be an increased focus on wealth clients, further investment in technology platforms and continued resourcing of dedicated private markets client teams. These themes will be tested and scrutinised by the need to improve cost efficiencies amidst dwindling revenues.
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