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Bailey McCann, Opalesque New York

Russell Reynolds Associates released its 15th annual asset & wealth management trends report. The report entitled, Asset & Wealth Management Trends 2011 covers recruiting and compensation/bonus trends for both retail and institutional asset management firms, as well as those focused on alternative investments, including hedge funds and private equity in the Americas, Europe and Asia/Pacific.

The report surveyed almost 30 financial institutions, hundreds of financial executives and several roundtables to compile the results.

Asset managers develop new products/strategies

Despite broad based uncertainty in the global economy and financial markets overall, the financial service industry has shown consistent improvement since the 2008 crash. The report notes that asset growth is stable and profitability is slowly improving. These factors are giving asset managers reasons to be cautiously optimistic despite other pressures.

That said, the overall market remains highly volatile and investors are asking for more transparency and consistent returns. The report notes that asset managers are developing new products to meet these challenges. To wit: "To maintain margins in a period of significant volatility and increased regulatory change, fund managers are designing new products, improving transparency, reducing costs and boosting operating efficiency. The largest firms with the best operational infrastructures ar......................

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