Managers struggle to secure positive net flows in FY24BY ANDREW MCKEAN | THURSDAY, 12 SEP 2024 12:51PMA minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Related News |
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Philip Miall
HEAD OF MULTI-SECTOR PRIVATE DEBT
QIC LIMITED
QIC LIMITED
QIC head of private debt Australia Phil Miall's nearly 30 years' experience covers every corner of the credit market. He shares why active management is critical in the asset class and what he's learned during periods of tumult. Karren Vergara writes.
It's interesting to see all these really clever fund managers talking about addressable markets, economic moats etc etc but they can't (or won't) see that the Australian market has changed. The pie is getting bigger but there's no longer any room for rent seekers. There will only be a dozen big insto super funds left at the end of the consolidation and only boomer advisers are still banging away with active managed funds because their CVP is product based not strategy based.