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Two-thirds of world&#39s fund firms will create boutiques

Two-thirds of the world&#39s investment firms plan to move towards offering boutique operations, according to research from consultancy Create.

The survey of 300 fund managers across 25 countries shows that 66 per cent of firms intend to create a boutique structure within their business.

Create chief executive professor Amin Rajan, a former Treasury economic adviser, told PIMS delegates that the biggest single trend among fund managers worldwide is the move to a boutique investment style.

Rajan said investment houses wanted to create a culture of individualism to give talented fund managers the freedom to follow their instincts.

He said the key to a renaissance for equities is winning back the “buy and hold” investors who were the bedrock of a bull market but achieving this would mean an over-haul of the way fund management businesses were run.

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