CEOs discuss sins of this bull market

In Part 1 of this Asset Managers Round Table, three young and energetic CEOs of rapidly growing mid-sized AMCs discussed what drives market share in this hyper-competitive market. In the second part of this 3 part series, they candidly discuss where they see excesses building up in our industry as business momentum gets stronger. If we have to avoid the pitfalls of earlier bull cycles where we ignored excesses and eventually delivered poor investor outcomes, we would all do well to reflect on and take timely steps to correct excesses that we see building in this bull cycle.

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