A partner at a $221 billion firm outlines how asset managers are sabotaging themselves and their clients — and unveils his plan to fix the industry
|01/24/2019||Posted by BusinessMediaguide.Com under General World News||
- Asset managers are failing their clients by focusing too much on the short term and charging high fees, said Stuart Dunbar, a partner at $221 billion Scottish investment firm Baillie Gifford.
- The industry makes too much money at the expense of its clients, but Dunbar outlined a few ways managers can change.
- Managers should focus on the long term, ignore benchmarks, incentivize staff appropriately, and educate investors, the executive said in an interview this week with Business Insider.
The asset management industry is failing its investors by charging high fees and emphasizing the short term, among other issues, said Stuart read more >>>