The Economics of Fund Management

The asset management industry is explored in this book, focusing on how it operates as businesses, generates revenues, and faces cost pressures. It investigates client relationships, star investors, and the integration of non-financial considerations. The book also examines the inherent tensions and conflicts of interest and considers how the industry is evolving, regulated, and where it is struggling to change. Suitable for students, professionals, and anyone interested in financial institutions and markets.

Format: Hardback
Length: 272 pages
Publication date: 13 October 2022
Publisher: Agenda Publishing

Since the financial crisis, the asset management industry has faced increasing scrutiny, yet it remains poorly understood. Investment scandals continue to dominate the financial press, highlighting the need for greater awareness and understanding. While most literature on the industry focuses on the technical aspects of investment strategies and tips for managers, this book takes a different approach. It delves into the business operations of asset management firms and explores how they generate revenue through various fund types, fees, and charges. The book also examines the cost pressures faced by these firms and the nature of their client relationships, the role of star investors, and the importance of integrating non-financial considerations into investment decisions.

The inherent tensions and potential conflicts of interest within asset managers, who strive to satisfy both clients and shareholders, are explored in depth. The book concludes by considering the evolving nature of the industry, the role of regulation, and the challenges faced in achieving sustainable change.

Suitable for students of business and finance, professionals working in allied areas of the finance sector, and anyone with a general interest in how financial institutions and markets operate, this book provides a comprehensive and insightful guide to the economics of the asset management industry. It offers a balanced perspective and a critical appraisal of the sector's future, making it an essential resource for anyone seeking to gain a deeper understanding of this crucial financial sector.

Weight: 464g
Dimension: 153 x 218 x 27 (mm)
ISBN-13: 9781788215336