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Money Managers Aren’t Ready for a Bear Market

The people and companies who manage the world’s assets are flush with cash, for now. Asset managers brought home $93 billion in profit last year, according to a new Boston Consulting Group report, up 17 percent from 2012.

In a world where banks routinely pay multi-billion-dollar fines, asset managers’ growing profits are one of the few bright spots in the financial industry, says BCG Partner Gary Shub.