The risks of Brexit, a potential market correction and increasingly challenging margin environment are all contributing to a growing sense of unease in the Asset Management sector. Hiring does not seem to be as affected as it might be, but one wonders whether this will change over the coming months...
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Uncertainty Leads to Negative Sentiment in UK Asset Management Industry
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Optimism among financial services firms fell sharply in the third quarter of 2018, amid growing pressure from a subdued economy, Brexit, regulation and rapid advances in technology, according to the latest CBI/PwC Financial Services Survey. The quarterly survey of 100 firms found sentiment was particularly bad among asset managers and banks in the three months to September, with overall optimism having declined in all but one quarter since the start of 2016.
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