February 27, 2018

Fund Manager Chat: Challenges in UK & European Funds Management – Steve Kenny, Kames Capital

by Jake Moeller.

In this in-depth podcast, Steve Kenny, Director of Wholesale Business at Kames Capital, examines some of the complex and difficult business challenges currently facing the U.K. and European mutual fund industry.

2017 was a year where many fund groups were dealing with Mifid 2 implementation, but there is also a raft of other regulatory considerations facing fund groups. The uncertainty posed by Brexit makes the issue of pan-European fund distribution yet more complex.

Mr. Kenny considers these issues within the framework of ongoing fund house and distributor consolidation, fee compression, costs and customer transparency. He also outlines how fund groups will evolve to become more competitive against passive investing and the evolution of fund groups as “capability” providers.

Running order

Steve is chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Thomson Reuters in London on February 16, 2018.

Has Brexit uncertainty affected your decision to invest in either UK or European-domiciled mutual funds?

View Results

Loading ... Loading …

About Steve Kenny

Steve Kenny, Kames Capital. Photo with permission.

Steve Kenny joined Kames Capital in 2001 and became Director of Wholesale Business in 2002.

Prior to joining Kames Capital, Steve worked at a national employee benefit consultancy and a life company in the national accounts team, before moving into mutual fund sales in 1996.

He has 30 years experience in the financial services industry.


Thomson Reuters Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.

This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Thomson Reuters cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. 


Get In Touch


Related Podcasts

In this #FundManagerChat podcast, Andrew Dalrymple, fund manager of the Aubrey Global ...

In this #FundManagerChat podcast, David Zahn, Head of European Fixed Income at Franklin ...

Lipper’s fund asset groups (including both mutual funds and ETFs) suffered net outflows ...

In this #FundManagerChat podcast, Tim Crockford, fund manager at Hermes Investment ...