Separately managed account assets jumped significantly in the second quarter, rising 15% and charging ahead towards the industrys prediction of $1 trillion in assets by 2006.
Industry-wide assets totaled $442.86 billion, up from the $384.86 billion at the end of the first quarter, according to the
"While rising asset values clearly played a role in the increase in industry assets under management during the second quarter, the industry also has been distinguished by a relatively stable asset base during even the most volatile market periods of the last two years," said Scott Sipple, senior vice president and managing director for Alliance Capital. Sipple is a member of MMIs board of governors.
The assets under management figure is derived from program totals reported by
