Fund Managers Optimistic for 2009
Fund managers have a generally optimistic outlook for 2009 according to a Watson Wyatt survey conducted at the end of 2008. The survey, which reflects the responses of fund managers that collectively have assets under management of more than $10 trillion, also found that managers’ main concern over the next 10 to 20 years is inadequate retirement income from defined contribution plans. Other top concerns included: more regulations increasing costs across the board, poor economic and market conditions, and excessive short-termism causing poor capital allocations and cost increases.
May 2009
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