Asset Managers: Signs of Hope

Amid continued volatility in equity markets, the performance of the global asset managers rated by Standard & Poor's Ratings Services weakened in First Quarter 2009, as assets under management (AUM) continued to decline, hurting top-line revenues in the process. As in the two previous quarters, market depreciation largely caused the drop in AUM, but net outflows were a substantially greater contributor to AUM declines than they had been in previous quarters.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.