22.06.2012 - Industry returns could shrink by half: Temasek
Singapore investment giant Temasek Holdings expects smaller returns for the asset management industry amid a very difficult outlook with the United States market posing considerable risks, according to its President, Mr Gregory Curl. "We're interested in sustainable returns over what we believe is going to be a very difficult and volatile environment for a number of years globally. Going forward, we would expect that returns will be between one-half and two- thirds of what they have been historically," Mr Curl said yesterday, referring to the returns for asset managers...............................................Full Article: Source
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