PSG Konsult expects rebound in asset management unit after investors withdraw funds
CEO Francois Gouws says the asset-management unit had a normal cycle of underperformance
08 October 2020 - 19:41
Financial services firm PSG Konsult forecasts a rebound in its asset-management business after the unit took a double-digit hit as investors pulled money out of its funds in the six months to the end of August.
PSG Konsult CEO Francois Gouws said the asset-management unit experienced a normal cycle of underperformance and it would recover. He was not sure how long it would take, but said the company had already begun to see inflows return...
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