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...The research found that the top 20 managers had created $755.4bn in profits since they were set up — more than the $655.5bn in assets they are at present managing....
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...“The asset management industry is in too narrow a box and doesn’t think of the wider things it could do,” he added....
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...The classic principal and agent relationship — where an investor outsources management of their assets to an outside party — is rife with potential conflicts of interest....
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...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
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