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Global asset managers face profit squeeze: report

The rising costs of regulation and lower investment fees will keep asset manager’s profits down in the coming years, new research suggests.

Industry profits still lag their pre-recession levels by as much about 15 to 20 per cent, according to a trend report released by PricewaterhouseCoopers (PwC) on Monday. And even though global assets under management are expected to climb from $63.9-trillion to $101-trillion by 2020, profit levels may not return to former levels.