http://allaboutalpha.com/blog/2009/08/20/mckinsey-survey-finds-28-of-asset-managers-are-depressed-and-in-denial/ A finance blog about hedge funds, portable alpha and alternative investing. Mon, 13 Feb 2012 11:26:54 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2009/08/20/mckinsey-survey-finds-28-of-asset-managers-are-depressed-and-in-denial/comment-page-1/#comment-188459 tom brakke Fri, 21 Aug 2009 11:56:36 +0000 http://allaboutalpha.com/blog/?p=5623#comment-188459 I will peruse the complete report, but your summary highlights one of the problems with the boom/bust cycles in the investment business. Those cycles at most firms amount to adding and subtracting expenses in accordance with current revenues. Obviously that's important, but the real "decisive operators" are those who continually look to structure their organizations in better ways without regard to industry orthodoxy. A period of pain like this ought to engender some innovation, but as with most things in the business, it's "follow the leader," which right now involves cutting costs. I will peruse the complete report, but your summary highlights one of the problems with the boom/bust cycles in the investment business. Those cycles at most firms amount to adding and subtracting expenses in accordance with current revenues. Obviously that’s important, but the real “decisive operators” are those who continually look to structure their organizations in better ways without regard to industry orthodoxy. A period of pain like this ought to engender some innovation, but as with most things in the business, it’s “follow the leader,” which right now involves cutting costs.

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