Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
flat graph

16504

Asset managers hoping for return to growth in 2015, says CBI/PwC survey

RELATED TOPICS​

Business optimism among investment managers was broadly flat – the first time it has failed to improve in three years – according to the 101st CBI/PwC Financial Services Survey. 

Business volumes failed to expand in the final quarter of 2014, and total costs have risen rapidly. Despite this, profitability is expected to improve in the coming three months and investment management firms continue to expand their headcount with further investment anticipated. 

Mark Pugh, PwC’s UK asset management leader, says: “Optimism among investment managers in the final three months of 2014 may well be linked to global volatility in the equity markets and recent disruptive geopolitical events may well have meant investment managers ended 2014 on a cautious note. We expect optimism to return to the sector in 2015.

“Total costs rose rapidly and are expected to continue to do so with IT, numbers employed, employee training and marketing expenditure all increasing. Following a pick-up in the market in 2014, firms will now be focusing on spending with direct interaction with the customer front of mind for investment managers. Return on investment is expected in the coming year.

“Acquisition of domestic customers stands out as the key driver for growth in the next year and, as such, we expect an increase in M&A activity. Mid-size firms are most vulnerable, with big houses looking to consolidate their customer base through acquisitions. There were a number of acquisitions last year that reflect this trend.

“Availability of professional staff is by far the most commonly cited barrier to expansion in 2015 and, coupled with pay regulation and strong markets, talent management could indeed become more difficult over the coming year.”​

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by