The asset management industry across the globe is enjoying a successful growth story, bolstered by strong capital markets - but many managers are already feeling the pinch of fee pressures that will only strengthen over time, according to a new international survey.

Though the industry reaped 34% profit margins and global AUM rose 10.5% to $67 trillion in 2014, revenues rose only 6.3% to $319 billion, while fees dropped an average 40 basis points, says Jeffrey A. Levi, partner at management consulting firm Casey Quirk & Associates, which conducted the survey.

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