Private Equity
Here are four executives' predictions for changes in the asset-management industry in 2019, from the culling of so-so products to new types of private-equity deals. They said the new year would change how impact investors can profit from their early-stage investments, as major private-equity names come knocking at the door with more capital than ever. JPMorgan Asset Management: culling of mediocre products In the last year and a half, Chris Willcox, the president of JPMorgan Asset Management, oversaw a 25% reduction in the firm's actively managed funds to weed out underperformers.