Abstract
The investment management industry is facing tremendous obstacles. After a long period of excellent financial performance, the industry is now challenged by volatile markets, changing revenue models, and substantial client faith and trust issues. As a result of the 2007–2009 financial crisis, many investment management firms are facing significant pressures including revenue declines, issues with product performance, cost pressures, and the need to adjust business strategies to changing conditions. Managing these pressures, retaining clients and restoring acceptable levels of financial performance are substantial issues.
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