Traditional asset managers must tap into private markets to avoid wipeout

The agency discovered there was a major compression in revenue margins for conventional asset managers, with the typical revenue per property below administration declining sharply from 15 foundation factors in 2007 to only 8 foundation factors in 2022.
Many corporations have additionally lowered administration charges, resulting in a 4% lower in median income from 2021 to 2022, based on Casey Quirk. This decline in profitability is forcing managers to faucet into different income streams, Bain mentioned. 
“Wealth and asset managers at the moment are favouring personal markets as a result of the enterprise fashions which have dominated asset ma…