Asian Investor, 2 Mar 2009, Rita Raagas De Ramos
Assets outsourced by Asian institutions to external investment managers fell in 2008, but not as badly as the drop in AUM from the retail sector, says Cerulli Associates.
Investable assets held by public and private institutions in Asia fell by 11% to $4.5 trillion in 2008, according to Boston-based financial services research firm Cerulli Associates. That put an end to steady growth that saw their assets more than double to $5.1 billion in 2007 from $1.9 billion in 2003.
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