Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cerulli: Optimism returns as global assets set to cross US$70.4tln in 2013

Friday, July 12, 2013
Opalesque Industry Update - Global assets under management are set to cross US$70.4 trillion by the end of 2013-a full US$20 trillion higher than the industry's low point in 2008. The even better news is that this is a conservative estimate that may need upward revision if the global financial markets continue to perform as strongly in the rest of the year as they have in the first five months, according to Cerulli Associates' flagship international report, The Cerulli Report: Global Markets 2013.

Now in its 12th iteration, this annual report covering both retail and retirement asset management globally reports that non-US assets accounts for a more than 50% share of total assets, but the engine of growth remains the United States, certainly in the near term. "It would be churlish not to feel a sense of optimism about the near- and medium-term outlook for the global asset management industry, especially when considering top-line growth", says Shiv Taneja, Cerulli's London-based managing director. He adds that even Europe has managed to add US$5.9 trillion in assets since 2008.

"The worry, however, is when considering bottom-line growth. Here the picture is less well-defined, as many firms-large and small-continue to have to deal with the effects of the financial crisis and margin pressure. The sunny uplands may beckon, but a good guide is going to be essential," says Yoon Ng, associate director at Cerulli, and one of the report's key authors.

The Global Markets 2013 report shows that only Japan is slated to show slower asset growth than Europe over the next five years to 2017, but when it comes to heft there is no getting away from the fact that the United States is, and is likely to remain, the sweetest spot, from a global growth standpoint.

"Could it really get to be more than twice bigger than Europe, in asset terms, by 2017? It certainly appears so," says Taneja.

Cerulli's prognostication suggests that Asia ex-Japan will continue to show the highest growth rate over the five years to 2017, but this top-line figure must be measured up against the region's ability to generate consistently strongly bottom-line growth. The next few years will be crucial, says Ng.

Press release

www.cerulli.com

Recent related article:
10.07.2013 - BCG: Global assets under management surpass 2007 level, reach $62tln in 2012 Source

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner