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
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...