Asset Management
Flutter founder: Asset management is ripe for betting-style disruption
Tim Levene, who set up Flutter with three former colleagues from Bain & Company, said asset managers ‘can’t keep burying their head in the sand anymore’
Thursday, 22 February 2024 at 00:01
It’s ‘adapt or die’ for fund houses, said Tim Levene
The co-founder of gambling giant Flutter has warned fund houses that their sector is ripe for the kind of technological disruption that revolutionised betting more than two decades ago.
Technology has turned gambling on its head, and asset managers should prepare for a similar “seismic shift”, according to Tim Levene.