Asset Managers: Signs of HopeDiane Hinton
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.
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