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Tough markets hit active asset managers striving for turnarounds

Some active managers have none of the luck.

Tough markets hit active asset managers. | Photo: Thomas Borberg

They shook up senior teams, swapped out their bosses and merged to build scale. But their efforts to overcome the years long erosion of assets and profit as investors shift from actively managed funds into cheaper, index-tracking products just took another blow.

The latest round of earnings reports offer a bruising read. Rising inflation, Vladimir Putin’s war in Ukraine and fears of a looming recession have dented investment performance, prompting investors to yank yet more assets.

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