Perspective
08 Dec 2025
5 minute read
2026 investment management outlook
Navigating fast-paced change, elevated risk, and outsized opportunity
2026 Investment Management Outlook
The investment management industry enters 2026 with a paradox: Profit growth remains elusive, yet the opportunities for differentiation have rarely been greater. Many investors continue to migrate to low‑cost vehicles, alternatives (private markets specifically) are capturing the next leg of growth, and some leaders are scaling artificial intelligence from isolated experiments to enterprise platforms. At the same time, technology spend, compliance obligations, and distribution complexity are pushing some firms to rethink operating models, talent, and product architectures.
Explore our analysis below on these themes and some important choices available for investment management teams through the remainder of this year and into the next.
