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Managers crimping profits by not diversifying: BCG

Georgina Lee
While Asia's asset management industry is growing faster than in the west, profitabilty is lower as houses are not diversifying into alternatives enough, finds Boston Consulting Group.
Managers crimping profits by not diversifying: BCG

Asian asset managers are not doing enough to diversify from traditional assets into alternatives and so are crimping profitability, even as the region's industry grew 11% year-on-year in 2012, finds Boston Consulting Group (BCG).

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