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.