Asset managers “won’t need hyper-scale in Asia”

Even as scale becomes increasingly important for global fund houses, Asia is being touted as fertile ground for small, home-grown investment firms – perhaps surprisingly, by executives at big international groups. Moreover, cross-border partnerships between international and local players – whether strategic or sub-advisory – are seen as a growth area. “Asset managers are not going to need hyper-scale to succeed in Asia,” said Paul Price, London-based global head of distribution…