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...
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