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Operational risk in the asset management industry

Poor returns have forced asset managers to focus on efficiency - including preventing operational risk losses

Marcelo Cruz

The financial crisis has brought to the global asset management industry challenges it has not seen in decades, as the industry was accustomed to high margins and substantial profits, particularly in the years 2000–2007, due to the availability of excess liquidity. As the financial markets climbed more or less steadily over the last 30 years, occasional dips notwithstanding, asset managers became

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