Future of Oz asset consultants in doubt

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AUSTRALIA - Moves by superannuation funds to build up their in-house expertise, and the increasing dominance of the multi-manager, have led some in the Australian industry to question the sustainability of the "pure" asset consultant going forward.

John Coombe, divisional director for JANA Investment Advisers, forecast an “interesting and difficult” 10 years for “pure” consultants. One of the drivers for change is the mass outsourcing of corp...

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