Asset-management firms are juggling a number of pressures as they seek to generate profits and create value for their clients. Amid demands for greater returns and lower fees, technologically driven operational changes, new regulations, and the continuing move toward passive management, how are money managers changing the way they do business—and who will reap the rewards of those changes? Chicago Booth Review's Hal Weitzman talks with Chicago Booth's Lubos Pastor, Ram Parameswaran of Altimeter Capital, and Andrew Plevin of BroadRiver Asset Management about the forces shaping the contemporary asset-management industry.

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