Strategy Lab survey: 41% of investment management industry in the red

According to research findings, top performers in the industry tend to pursue structured cost reduction methodologies such as Business Process Improvement (BPI) or Lean Six Sigma (a business management strategy developed initially by Motorola). Nearly half of the surveyed investment businesses (43%) in the Global Investment Management Cost Survey 2009 have been through cost-cutting projects in the past two years. Of those, more than half (55%) have been targeting labour costs. Of all businesses