The asset management industry received a much-needed reprieve in 2023 as recession fears eased and markets priced in the potential for rate cuts in 2024. It experienced better-than-expected investment performance throughout 2023 compared to the year prior. However, challenges remain for the industry at large. Despite a rebound in financial markets, asset managers continue to experience challenges around cost control, operating models, and controlling outflows.

This report is Datos Insights’ second annual review of the business performance and profitability of the asset management industry, along with highlights of mergers and acquisitions, and technology and outsourcing trends. It is based on an analysis of 40 publicly listed buy-side institutions.

Clients of Datos Insights’ Capital Markets service can download this report.

This report mentions Abdrn, Angelo Gordon, All Nippon Asset Management, Ares, BlackRock, Bloomberg, BNP Paribas, Broadridge, Citigroup, Finbourne, Franklin Templeton, FS Investments, Generali, Gresham House, HighVista Strategies, HSBC, Keppel, Lazard, Manulife Investment Management, MetLife, Nykredit Asset Managemetn, PGIM, Putnam Investments, Pzena Investment Management, Regal Partners, Ridgeline, Rimes, Rithm Capital, Santander, Sculptor Capital Management, Searchlight Capital Partners, SimCorp, State Street, T. Rowe Price, TPG, Triodos Investment Management, UBS, and Wilshire.