
Slowly melting ice cubes: How to survive the commoditisation of the asset management industry
“Phil, I’m a melting ice cube.” I was having lunch with a friend who holds a senior position at a large, dull asset manager. “Nothing works anymore. Nothing. Not on the portfolio side and not on the distribution side. We’ve been surviving on rising market price...
Slowly melting ice cubes: How to survive the commoditisation of the asset management industry