GFC derails wealth fee growth by $30bnBY LAURA MILLAN | MONDAY, 25 MAR 2013 12:40PMThe global financial crisis cost the Australian funds management industry an estimated $30 billion in potential revenues, according to new research from Rainmaker Information. |
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Tim Van Klaveren
HEAD OF AUSTRALIAN FIXED INCOME
UBS ASSET MANAGEMENT (AUSTRALIA) LTD
UBS ASSET MANAGEMENT (AUSTRALIA) LTD
UBS Asset Management's Tim Van Klaveren learned early in his career the value of formulating his own opinions and not following the crowd, Andrew McKean writes.
The Australian funds management industry lost an estimated $30B. So what, the Australian funds management industry should have been better at what they do so their clients did not lose the estimated $1T.
I'm still not aware of any vested interest that said at the time "hold on, the situation is not sustainable".