Current and Future Challenges Faced by Asset Managers

Stephen Brown ()

Chapter 31 in Global Asset Management, 2013, pp 601-617 from Palgrave Macmillan

Abstract: Abstract With few exceptions, asset managers emerged from the recent financial turbulence with their reputations among clients severely tested.1 Many failed to protect their investors against the broad market decline and increased volatility that accompanied the crisis. Others sold investors financial products they themselves clearly failed to understand — and could not explain adequately to clients — while several major funds locked in their customers to prevent redemptions in disorderly markets. Still others failed in key areas of due diligence and risk management.

Keywords: Financial Crisis; Trading Cost; Global Financial Crisis; Market Risk; Asset Management (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32887-8_31

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DOI: 10.1057/9781137328878_31

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