Executive Summary
With the onset of the financial crisis and its ravaging impact during the last 3 years, Kuwait investment companies face enormous challenges. This includes reduction in overall assets managed, difficulty to recapitalize, lackluster stock market and increased regulatory pressures. The erstwhile business model which emphasized the more volatile investment income rather than the stable fee income did not help matters as well. Also, the product focus has been mostly index-based with lack of skill-based sophisticated products.
