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Global asset management dwarfs banks in returns

Assets hit new high with market share at pre-crisis level

Published Wed, Jun 25, 2014 · 10:00 PM

GLOBAL asset managers have seen a strong surge in assets and put up a firmer performance than that of banks on a shareholder return basis, a McKinsey report showed.

In terms of return on equity (ROE), the asset management industry remains highly attractive with an average of 19 per…

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Companies & Markets

Companies & Markets

Global asset management dwarfs banks in returns

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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