Call for radical reform of 'poor' quality funds industry
Towers Watson's Peter Ryan-Kane provides some solutions to the funds industry's failure to meet long-term objectives, as a poll shows how little investment professionals think of their own sector.
Investment professionals’ low opinion of their own industry in Asia has led to a call for sweeping changes in the funds sector.
Because asset owners are failing to meet their long-term investment objectives, a senior industry figure says changes to asset owners’ fiduciary framework are needed.
He said firmer finances and stronger investment processes were needed to restore faith in the system, create a better institutional culture and bolster the regulatory environment.
Instit…
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