Daily Archives: June 22, 2009

Pauline Skypala

was happy to share his wasabi peanuts

Edward Bonham Carter was happy to share his wasabi peanuts

It is Fund Forum week in Monaco and I have arrived on a wet Monday evening curious to test the atmosphere, having not attended for a couple of years.

There were plenty of conference goers on my easyJet flight over, including Edward Bonham Carter,  chief executive of Jupiter Asset Management. He was happy to share his wasabi peanuts on the flight over, and offered to share a cab from the airport too. Sadly, I had a bag to wait for so had to decline. 

We had arrived too late to take advantage of the free coaches the conference organisers are laying on this year for cost-consicous fund managers. Taxi fares are a steep E90 from Nice to Monaco. But the conference moved back here from a trial change of scene to Barcelona last year in response to negative feedback.

With FTfm reporting this week on a barrage of reports about the (relatively) parlous state of the fund management industry and the possibility that revenues will not recover to 2007 levels for five years, I am looking forward to networking with a chastened set of managers prepared to contemplate major change to their business models.

Perhaps, though, they are the ones who are not coming to Fund Forum this year.

Ruth Sullivan

Crystal gazers see polarisation in the industry

Crystal gazers see polarisation in the industry

More and more consultants are spending time gazing into the crystal ball and polling asset managers to work out where the industry is heading.

The latest prediction to drop into my mailbox comes from Hymans Robertson, an investment consultant that believes polarisation is going to increase this year, according to its annual survey of UK fund managers. That means bigger firms will get larger, while smaller ones will reduce in numbers.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.

Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.