Pressure to lower fees on traditional active management along with smaller average mandate sizes and a move toward private markets have brought on a decline in active investment manager fees when compared to published fees.
The lack of complete integration following mergers and acquisitions in the asset management space has led to additional costs for the industry, according to a whitepaper from Casey Quirk.
Hedge fund managers are seeing an increase in demands from asset owners for the integration of responsible investment practices, according to a whitepaper from Cerulli Associates.