Regroup, restructure, recover

Few of us could have predicted the changes we have witnessed in the financial services marketplace over the past 12 months. This really is a radically different world to the one we knew, and the repercussions of this change are being felt in every walk of life. Specifically, in relation to the fund management industry, assets under administration have declined markedly, as have the corresponding fee-revenues earned. There has also been a fall in the number of new funds launched and a move toward

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