Thu, Jun 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Global assets to see slower growth by 2016 say Cerulli Associates

Thursday, June 28, 2012
Opalesque Industry Update - Cerulli Associates estimates that growth in global assets under management will moderate to 6.1% over the next five years, with non-U.S. growth weaker at 5.8% on the back of the economic troubles in Europe and spill-over concerns in some emerging markets.

The good news is that 2011 could have been so much worse for global assets under management; yet the bald facts are that rather than continuing the positive trend of the past three years, reality bit in 2011 and global asset slipped back marginally to US$53.8 billion, whilst maintaining positive growth on a compounded annual basis over the past four years, according to Cerulli's flagship international research report, Quantitative Update: Global Markets 2012.

Now in its eleventh iteration, this annual report covering both retail and institutional asset management globally believes the bigger concern is what will the rest of 2012 hold for the industry. "Whilst our current forecast for the rest of the year suggests an increase of just under US$3 trillion in assets for the industry as a whole, a lot will depend on how the U.S. does as reliance on Europe for growth for the rest of the year is optimistic," said London-based Shiv Taneja, managing director at the firm.

"The one thing that hasn't changed since last year is the growing impact that regulation is going to have on the future of the asset management industry. In Europe alone there is a "tsunami" of regulation coming over the next couple of years, with implications far beyond the continent" said Ken Yap, Singapore-based director at the firm. Coupled with very weak investor sentiment, and a decidedly uncertain market outlook it suggests weak growth for the short to medium term, added Mr Yap.

Europe and Japan accounted for the decline in assets on a regional basis, but the big relief for the industry was that in the U.S. assets stayed steady at US$27.5 trillion at the end of 2011, accounting for a full 50% of global assets under management. Diversification with a very clear focus on the bottom-line will be central to navigating the next few years in the global asset management industry, according to Cerulli's research.

Press release

bc

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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.