4:50 AM
Rachid AJMAL
The report said the funds management industry recovered from the global financial crisis, although traditional assets currently managed by more than 13 percent from pre-crisis levels.
He said the report issued by Citi Yu. K. on Tuesday that the total assets of the global fund management industry, including hedge funds and private wealth amounted to about 120 trillion dollars and that assets managed by traditional rose five percent in 2012 to 84.1 trillion dollars.
City Yu said. K. a group that tracks the financial services industry and the London-based "fund management industry rebounded quickly after a sharp decline of the assets managed by the beginning of the debt crisis and most recovery came thanks to performance in the market, and not through new flows."
She said traditional Tderiha assets pension funds and special hedge funds and insurance companies rose five percent in the first nine months of 2012 and 13 percent from pre-crisis levels, is expected to arrive at the end of the year to 85.2 trillion.
The United States was the largest source of financing for about half of traditional assets under management or about 36 trillion dollars. Both Britain and Japan nearly eight percent.
