Growth across the global asset management industry is forecast to slow significantly over the next decade, with fund houses advised to target retail investors and build their private markets expertise to ensure they have the best chance of winning new money. Asset managers have been hit with a wave of redemptions this year, as soaring inflation and interest rate hikes have prompted investors to pull money from funds — severely denting revenue and profit for some of the largest global firms. Now a report by data provider Broadridge suggests organic growth across the global sector will slow from a compound annual growth rate of 3.9% — which has been achieved over the past decade — to 1.7% up to 2031.