MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 16, 2011 Asset Managers' Profitability Remain Below Pre-Crisis Levels, Says McKinsey Consulting firm McKinsey released the findings of report called Growth in a Time of Uncertainty: The Asset Management Industry in 2015. Among its findings: although overall profitability has been strong for most asset managers (averaging 28 percent), overall profit levels "remained more than 20 percent below pre-crisis levels." McKinsey attributes this to increased costs, reduced productivity and lower pricing. Printed from: MFWire.com/story.asp?s=38359 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |