Summary of The Age of Asset Management?

Bank of England,

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The Age of Asset Management? summary
Is asset management the next trouble spot on the financial horizon?

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Although banking has been subject to intense regulatory focus recently, asset management remains largely in the shadows. Yet the growing size and influence of this sector point to new, unexpected risks to financial markets. In this speech exploring the role of asset managers, Bank of England chief economist Andrew G. Haldane sheds light on a subject that doesn’t get much attention but that could have a huge impact on world economies. getAbstract recommends this timely, sobering report to fund managers, policy makers and financial executives.

In this summary, you will learn

  • How investment trends among asset managers are changing the financial landscape
  • How these trends affect financial markets and asset managers’ viability
  • How regulators might respond in order to reduce market volatility
 

Summary

The growing asset management industry remains under most people’s radar. This is surprising, since assets under management (AUM) worldwide currently stand at about $87 trillion, roughly double their early-2000s level. Some estimates say global AUM could total $400 trillion by 2050. “Larger, older and...
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About the Author

Andrew G. Haldane is the chief economist and an executive director at the Bank of England.


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