Jon Little, founder and partner, Northill
In the investment management industry we like to think of
ourselves as an industry with a long tradition and history yet,
in reality, the majority of asset management firms were
established in the last 30 years.
In industry terms the period of 1980 to 2005 was, in
retrospect a 'golden era' where talented fund managers
liberated themselves from larger institutions. Armed often only
with talent, self-belief and some contacts, small teams found
it relatively easy to join an industry where there were few
barriers to entry other than skill, common sense and some
We now live in a very different world. For those trying to
set up new asset managers the stakes have got much higher.
Although there are jurisdictions which require a new asset
management firm to have very little equity capital - most
notably the US - in many...