The Boston Consulting Group has released its annual asset management report, titled 'Global Asset Management 2013: Capitalizing on the Recovery'

Joanne Ma
Joanne Ma Livewire Markets

The Boston Consulting Group has released its annual asset management report, titled 'Global Asset Management 2013: Capitalizing on the Recovery'. This year's research shows that the global asset-management industry has finally returned to a growth path, achieving a winning respite after four years of stalled growth. Both assets under management and profits (%revenues) have nearly returned to pre-crisis levels. Nonetheless, the report notes, managers continue to face market volatility, weakening of some revenue margins, and wide variations in performance among managers, products, and regions. Importantly, a key market trend identified by BCG is that the most successful managers in every region are either specialists or traditional providers who have become ambidextrous-i.e. they have maintained their active core-asset businesses while also developing capabilities to capture new faster-growth assets. Furthermore, cost discipline has become increasingly important since the crisis with managers actively managing their cost-structure to capture efficiency gains. (VIEW LINK)

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