Asset managers have seen higher profitability in 2010 than in 2009, but they still face a number of challenges: an increase in investor demands, changing products, tighter regulations, and diversity of markets, according to a study released on Monday by The Boston Consulting Group.
The ninth annual study of the global asset-management industry, “Building on Success: Global Asset Management 2011,” revealed that professionally managed assets jumped 8% to $56.4 trillion in 2010, driven primarily by the equity markets.
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