Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BCG: Global assets under management surpass 2007 level, reach $62tln in 2012

Wednesday, July 10, 2013

Benedicte Gravrand, Opalesque Geneva:

According to a report released yesterday by The Boston Consulting Group (BCG), a global management consulting firm, the global asset management industry has finally started to recover from its four year-long stalling phase.

"Total assets under management (AuM) and profits have nearly regained the levels both had reached before the financial crisis," the announcement says. "Global AuM rose to $62.4 trillion in 2012, surpassing the 2007 record of $57.2 trillion. Operating margins rose to 37 percent of net revenues and profit increased to $80 billion, although it remained roughly 15 percent below pre-crisis highs."

BCG's eleventh annual study of the worldwide asset-management industry, Global Asset Management 2013: Capitalizing on the Recovery further notes that while these results show a recovery, the AuM growth was more influenced by the increase in global equity and fixed-income markets than by net new asset inflows. The latter remained relatively modest, at 1.2% of global AuM, going mostly to "solutions, specialties, and passive asset classes rather than to the actively managed core assets of traditional players." Furthermore, a quarter of traditional managers experienced significant outflows.

"The most successful managers," the announcement states, ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac