AUSTRALIA - Global asset managers recorded their lowest growth for five years in 2007, as total assets managed by the world's largest 500 managers grew by only 9% to US$69.4trn, according to Watson Wyatt.
The consultant said the growth rate was down substantially - from 19% in 2006 - and reported assets of the top 20 fund managers grew by only 6% during 2007, compared to 23% the year before, and now...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date