Fund Management Industry - Up Up and Away?

Change is on the way, we know it, everything in life and business changes all the time. So why should the Fund Management Industry be any different?

Given how the industry evolved from a comparatively tiny base over the past 50 years nobody should be surprised that more changes are coming over the next 50 years (if civilization lasts that long given that reckless gamblers seem to have their finger on the nuclear buttons).

But who knows where the journey will lead us? All one can really do is hire and employ smart people, stay lean in terms or cost and avoid being panicked into poor decisions.

Most people need help with their finances, passive investing will not wipe out good active management and bringing billions of people into a situation where they can afford to save will offer more than enough opportunities for the foreseeable future.

Job interviews are a nightmare — and only getting worse

“There’s no reason why 10 years ago we were able to hire people on two interviews and now it’s taking 20 rounds of interviews".
This quote from the article below prompts me to point out that an experienced recruiter/headhunter should be able to see quite quickly if a candidate is suitable for a vacancy. As I always reiterate on my slogan: When experience is needed, call the Experienced.
This assures that potential employers are not flooded with resumes that are unlikely to be appropriate but still require time-consuming filtering.
Like the continuous growth in regulation, compliance and risk management, the whole process of hiring the best people can also become overcomplicated.