Asset managers face margin pressure

Advanced technologies — including machine learning, artificial intelligence, natural-language processing, and predictive reasoning — are on the verge of joining mainstream asset managers.Dubai: In keeping with the global decline the growth of assets under management (AuM), the Middle East also witnessed a sharp fall in the total AuM last year, according to a study by Boston Consulting Group (BCG).Globally, AuM stalled with marginal growth last year. The BCG report shows the global value of AuM rose just 1 per cent in 2015, to $71.4 trillion (Dh262 trillion) from $70.5 trillion in 2014, after growing 8 per cent that year, and at an average annualised rate of 5 per cent from 2008 through 2014.In contrast, the Middle East’s AuM declined 10 per cent and net new flows of assets, revenue growth,…


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