Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Asset Managers

Report Eyes 2001 Asset Manager Woes

Your article was successfully shared with the contacts you provided.

NU Online News Service, July 8, 2:59 p.m. – The Boston Consulting Group, Boston, estimates the profits of U.S. asset managers fell 69% in 2001.

Asset manager profits fell 34% in Europe but increased 15% in Asia, the firm says in a new report.

The firm based its figures on an informal survey of 60 large asset management companies.

The report emphasizes the stability of profits for U.S. fee-based managers. Although U.S. asset managers’ commission profits declined sharply, fee-based managers reported their profits were down only 6%, the firm says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.