Memories of losses during the bear market of the early 2000s, the fund scandal and heavy-hitting new legislation have made investors nervous. As a result, investment companies around the world are scrambling to restructure, a new report finds.
The report, a joint effort by the CREATE and KPMG, is called "Raising the Performance Bar: Challenges Facing Global Investment Management in the 2000s." It asked fund managers from 29 countries about profitability and ways to resuscitate it. The results: Companies are increasingly recognizing that they themselves must change. One of the key issues, of course, is regaining investors trust.