Much has changed in the industry and within the financial sector. We witnessed the ascendency of Friedman economics, the fall of the Berlin Wall, the demise of the Soviet Union, the single European currency, the rise of technology, the collapse of the tech bubble, the rise and fall of the hedge fund industry, the financial crisis of 2008 and now the rise of populism and political fissures that threaten the fabric of the post cold-war world order.
And yet, for all these changes, one ranks above all others in terms of its profound and long-term effect on the asset management industry.