The Changing Shape of European Investment Management

Volume III: Navigating Complexity

May 2012

Amid a sustained low-yield environment, institutional investors are re-evaluating their asset allocations and seeking innovative investment strategies, whether to generate alpha or manage specific liabilities. This shift has significant implications for Europe’s asset management industry. As asset managers respond by broadening their capabilities and developing fresh ideas, their operating models are increasingly being tested, triggering a significant upsurge in outsourcing.

Drawing on the results of a State Street survey of European asset managers conducted by the Economist Intelligence Unit, this paper examines the deep, structural changes occurring across the investment  value chain, as challenging times drive asset managers to redefine their roles in an evolving environment.

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