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Managing the asset manager
Talent is critically important to the success of firms that invest other people's money. So asset-management firms must excel at recruiting, developing, rewarding, and retaining talented people, right? Wrong, according to those very people. The message on talent from asset-management staff to the bosses is an overwhelming "could do better," a survey of these employees shows.
The take-away: What to do? Top executives in asset-management firms could manage talent better by using more nonfinancial measures and competitive compensation.
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