A DRAMATIC shift in the asset management industry is threatening to turn the tables on SA’s largest management companies. But with four of the largest managers holding a third of the industry’s assets under management and attracting 90% of inflows over the past three years, it hardly seems likely they will lose their dominant position any time soon.RMI Investment Managers (RMI IM) CEO Chris Meyer acknowledges this, but says a tipping point was reached midway through 2015 when net inflows into boutique managers overtook those of the big four.Boutiques attracted under R5bn in the final quarter of 2013 compared to the industry giants’ nearly R40bn, but net inflow figures by the first quarter of this year were a near perfect mirror image of the 2013 numbers.The rise and attraction of boutique asset managers is a global trend.According to research by US investment management company Affiliated Managers Group into the performance of boutique active managers over the past 20 years, these m...

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