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Fund managers expect profit squeeze as compliance costs bite

Two-thirds of fund managers expect profits to fall, with new rules such as Mifid II the chief culprit

Fund managers expect profit squeeze as compliance costs bite

The fund management industry is girding itself for lean times ahead, with 65% of them expecting their profits to fall during the next year, according to a new survey.

Multifonds, a tech company specialising in software for fund managers, surveyed 214 of its European customers in March and April this year on their outlook for the industry, and published the results today. Just under half of the respondents were fund administrators and about a quarter were asset managers.

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