Institutional Investor (April 1)
2020/ 04/ 03 by jd in Global News
“Traditional asset management firms are expected to lose around a third of their assets under management as a result of the coronavirus pandemic.” Fitch Ratings expects BlackRock to be least scathed, although it is still expected to lose over a quarter of its AUM, while AllianceBernstein is “projected to be the worst hit of the peer group,” losing up to 40.4% of its assets.
Tags: AllianceBernstein, Asset management, AUM, BlackRock, Coronavirus, Fitch Ratings, Pandemic, Traditional
