Largest asset managers shed $18trn AUM in 'first significant drop' since Global Financial Crisis

The world's 500 largest asset managers' total assets in 2022 amounted to $113.7trn, compared to $131.7trn in the previous year. This drop was the first significant fall in assets managed since the Global Financial Crisis in 2008. North American asset managers saw a 14.2% decrease, while European based managers suffered an above-average 16.8% decrease. Less than 4% of funds deliver consistent top quartile returns over three years Japanese managers fared better than average, with a 5.5% decrease in assets. The research also revealed an increase in investment in passively manage...