Although worldwide assets under management rose 8% in 2010 from the previous year to $56.4 trillion and profit margins gained two percentage points to 33%, the industry faces a number of challenges for continued growth.

Most notably, assets managers are heading into a "two-speed world" with low-cost beta products on the one hand and exotic alternatives and outcome-oriented products on the other.

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Insight and analysis into the management, marketing, operations and technology of the asset management industry.