Punxsutawney Goose Lays Golden Egg: Six more weeks of “freeze” for asset management industry
Dec 10th, 2009 | Filed under: Institutional Investing, Today's Post
McKinsey & Company, the venerable consultancy, has a thing with geese. In 2003, the firm published a report on the then-recovering asset management industry called “Will the goose keep laying golden eggs? (October 2003)“ Then, last month, it produced another report on the beaten-up asset management sector asking the same question “Will the goose keep laying golden eggs? (October 2009).”
Who is this mythical goose and what has bestowed it with powers of prognostication not seen since Punxsutawney Phil cornered the market on predicting the onset of spring? More…
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