Asset managers run for cover

Over the past 18 months, the world has become an infinitely riskier place, when viewed from the desk chair of a managing director of a UK asset management company. In the wake of the Merrill Lynch/Unilever case, the potential for legal risk is soaring. Regulatory risk is reaching news heights, thanks to a number of new UK government initiatives. And these changes – as well as others – are driving new concerns about operational risks at asset management companies that could well lead to the n

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