Although the stock market took a serious downturn in the second quarter, publicly traded money management firms are still expected to post healthy second-quarter returns, principally because average assets under management did not fall too much in the period, The Wall Street Journal reports. But should the stock market continue to decline, revenues will fall.
"If you look at [the second] quarter, there's just no place to hide," said Rachel Barnard, an analyst with
Firms that the Street will be paying particular attention to include
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.