Global AUM Rise, But Asset Managers Struggle -

July 23, 2010

Despite the fact global assets under management increased, asset managers continue to face challenges as they struggle to earn a profit, according to a report released Tuesday by The Boston Consulting Group. The eighth annual report on the global asset management industry revealed that professionally managed assets rose 12% to $52.6 trillion last year, up from a decline of 17% a year earlier. On average, assets under management increased 11% in North America, 12% in Europe,…

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