Portfolio Manager Industry Market Insights 2023

This document is a market insights report on the portfolio manager industry, specifically focusing on the developments following the licensing requirement imposed by the Swiss Financial Market Supervisory Authority (FINMA). It highlights the significant changes in the industry landscape since the end of the transitional period in December 2022. The report details the decline in the number of portfolio managers, the impact of licensing on market dynamics, and the ongoing consolidation trends within the industry. It provides an analysis of the current market size, estimating 1,578 portfolio managers managing approximately CHF 400 billion in assets under management (AuM) as of October 2023. The report also includes expert interviews that offer a comprehensive view of strategic priorities and challenges facing the industry. Furthermore, it discusses the regulatory costs associated with obtaining and maintaining a portfolio manager license, emphasizing the implications for smaller firms. Overall, the report presents a nuanced perspective on the future opportunities and challenges in the evolving portfolio manager landscape.