"The big implication is that when AUM growth doesn't rise as much as firms were expecting, that puts quite a big pressure on costs."
The global growth of asset management "stalled" in 2015, marking its worst year since the 2008 financial crisis, a new report has found. Growth in assets under management (AUM) rose by one per cent globally to $71.4 trillion (£55 trillion), from $70.5 trillion. The figure grew by eight per cent in 2014 and averaged five per cent growth between 2008 and 2014. BCG's Global Asset Management 2016 report also found net new flows of assets, revenue growth and revenue margins all dropped lower in 2015.