In October 2009, we published a white paper on the performance of the asset management industry in which we highlighted the requirement for ongoing tight cost control and proposed increasing the scope of outsourcing as a solution to a number of financial challenges facing the industry. This paper updates the performance of the industry through the end of the first quarter of 2010.

Author:
Andrew Houston, CFA, is a co-founder of Amba Research. He was previously Head of Asia Regional Research at Jardine Fleming Securities/JPMorgan and Asia Equities Strategist. Andrew has an MBA from London Business School.