Willful blindness on the part of investment professionals, financial institutions, and investors was a contributing factor to the 2008 crisis. What can be done to prevent it from happening again?
Is investment management a business or a profession? How do you build an ethical culture? And how do you deal with stewardship of client assets, the management and disclosure of conflicts of interest and structuring and reporting fees and compensation? These were some of the difficult questions that experienced investment professionals debated at the inaugural Professionalism Conference organized by CFA Society of the UK. Here are the highlights.
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