(Opalesque) The global asset management industry is showing some signs of recovery in 2023, with total assets under management rising 12% year-over-year to nearly $120 trillion, revealed a study. According to research by Boston Consulting Group, the industry’s revenues increased just 0.2% in 2023, while costs rose 4.3% for the year.
Asset management industry AUM rises by 12% in 2023 to $120tn, even as profits fall by 8.1%
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