Fund managers are increasingly outsourcing core functions to third-party specialists as they grapple with deepening concern regarding the global regulatory environment and face an increasingly difficult recruitment landscape.
This was the key finding of a global study commissioned by Carne Group, Europe’s largest third-party management company, of 200 fund managers across Europe and the United States, who collectively manage $7.72 trillion in assets.
The study revealed a fundamental shift in the operational architecture of the asset management industry. Fund managers are increasingly moving away from a do-it-all-in-house approach in favor of external partnerships that offer the scale, technological sophistication and jurisdictional reach required to survive in a high-cost, high-scrutiny environment.
According to Carne, 89 percent of fund managers surveyed expect the ability to navigate regulatory complexities to become much harder during the next two years. Th
