Asset management is undergoing a tectonic shift across finance. Among the myriad disruptions transforming the industry are fee compression, voracious appetites for alternatives without adequate capacity to capture demand, and the increasing popularity of passive funds. All that, added to a high beta environment, has made alpha generation nearly impossible. How can the industry navigate these ongoing challenges to deliver value for clients? What changes remain on the horizon for this nearly US$100 trillion industry? Where are the high growth areas worth pursuing?