Just how saturated/mature is the Finance industry becoming? Any more room for growth?Subscribe
A bit of an existential crisis question for the WSO community:
Sitting on the asset management side, it's becoming increasingly apparent that the Finance industry is very saturated. There are more hedge funds out there than you can imagine (and all of them sound the same with rocks, trees, and rivers as firm names). The standard 2/20 fee is starting to get squeezed as more and more investors are asking for fee breaks. So I'm curious as to how senior members of WSO are viewing this trend. Are you considering this to be a mature industry that's on its way to decline? Are the golden days long gone? What do you see in the next 30 years?