Asset Management Industry Faces Turbulence After Years of Unprecedented Growth

In City A.M. , BCG’s Chris McIntyre asserts that, despite global assets under management rising by 12% in 2021 to reach over $112 trillion, challenges for the industry lie ahead. “The incredible market run that has fueled the performance of the asset management industry over the past 15-plus years has been a double-edged sword,” he says, referencing BCG’s annual study of the industry . Past performance not only has provided strong tailwinds for the asset management sector, notes McIntyre, but also has challenged innovation.