Asset Managers Are Facing Unprecedented Headwinds, Martin Gilbert Says

The video discusses the challenges faced by companies at both micro and macro levels, emphasizing the value of equity investments. It highlights the consolidation trend in the asset management industry due to systemic pressures and shifts from public to private markets. The discussion covers valuation, earnings per share, and cost-cutting strategies. The video also addresses the difficulties active managers face in outperforming indexes, especially with the influence of major tech companies, and the need for more normalized markets.

In what ways do you think consolidation in the asset management industry will impact smaller firms?

What are the implications of active managers needing to perform better than the index?