Covid-19 speeds up change at asset management firms
On the 05.20.20 at 7:53AM
The expected decline in assets under management and revenues in 2020 is pushing the sector towards transformation and consolidation, according to the Boston Consulting Group.
Asset management firms’ assets under management (AuM) are expected to shrink by 5% this year, according to the latest forecasts of the Boston Consulting Group (BCG). This is likely to cause a proportionate decline in revenues.