Fund Managers Remain Optimistic But Cautious About Revenues, PricewaterhouseCoopers Study Says

The fund management industry appears to be expecting rising revenue over the next few years, but looming changes in regulatory procedures have some concerned about their ability to comply, a new study by PricewaterhouseCoopers reports. Of the 81 international financial

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The fund management industry appears to be expecting rising revenue over the next few years, but looming changes in regulatory procedures have some concerned about their ability to comply, a new study by PricewaterhouseCoopers reports.

Of the 81 international financial institutions questioned for the study, 55% said they foresee investment and fund management revenues improving by at least 20% over the next three years.

Though roughly 44% were not as optimistic, the study found, predicting a slower expansion of about 5%.

But the major trend found by the study is that a staggering majority of institutions say they do not think they have the internal controls in place to ensure proper risk management, with some 90% saying that they may not be able to keep up with increasing risks and market regulations.

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