After the financial crisis of 2007-2009, a recession and the volatile markets of 2011, the South African and global economies have been experiencing volatile equity markets which impacts directly valuations, assets under management and margins.
The industry continues to face challenging markets, the implementation of regulatory reform initiatives, competition for clients and talent and new expectations from investors, regulators, industry partners and other stakeholders.
Under such circumstances, asset managers are attempting to generate improved performance results, rebuild profitability, manage risk, compete for talent and achieve the operational excellence that will drive future growth.
This publication identifies a number of key challenges being faced by the South African asset management industry, describes at a high level how the relevant issues are evolving and outlines how some managers are responding to these conditions.
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