Money managers under the microscope
The mood at this year’s Fund Forum, if not exactly upbeat, has been less sombre than last year’s introspective summit, with a few more cocktail parties around the stands, but asset managers remain on the whole subdued.
The continuing market volatility has a lot to answer for, with renewed worries about a double-dip recession overshadowing events. But if nothing else, the recession has forced exhibitors in the Forum’s trade hall to be a bit more imaginative in their freebies this year.
Service provider Bowne had some intriguing foldaway brushes and brightly coloured baggage tags that attracted many a delegate whilst the return of an ice cream cabinet went down a storm in the oppressive heat.
Older asset managers may remember the notorious Rome Fund Forum where the arrival of the ice cream cart once a day would trigger a mobbing round the stand from rival exhibitors melting in the non air-conditioned trade hall. Thankfully the Grimaldi is somewhat better equipped.