According to the Straits Times newspaper, the Beijing State-Owned Assets Management Company has said that the giant metal nest is raking in tens of millions of dollars each year from tourism.
Meanwhile, the National Assets Management Agency or NAMA (the government body trying recapture whatever they can out of countless schemes in default) has finally turned its wrath on the fat cats, one by one.
Looking at the decline in total assets under management, equity assets are currently at about beginning-of-year levels, indicating that while many equity markets have not provided negative returns for the year, dedicated emerging market equity fund managers may have lightened up in their positioning to account for this retreat in assets under management.
For investors, there can be concern that an investment manager is making overly optimistic assumption about illiquid assets in order to boost management fees that are calculated as a percentage of assets under management.
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To arrive at their figure, the Tax Justice Network looked at the offshore assets under management deposits and custody assets of the top 50 individual banks globally.
There was a built-in conflict there because the management fee was based on assets under management, which encouraged REITS to leverage to the maximum.
Perhaps it takes a far more ethical mindset on the part of money management firms to decline to offer financial products that will result in vast assets under management and high fees (but poorer performance), in favor of less assets and fees but improved investor returns.
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Typical performance and management fees are 2% of assets under management and 20% of profits, and additional expenses can reach into the millions of dollars for multibillion-dollar funds.
Earning a management fee for managing or monitoring assets under management (AUM) results in income that should be taxed at ordinary income tax rates. (Fees earned and taxed in Year 1).
For the Asset Management division, the fee as percentage of assets under management decreased from 0.7% in 2005 to 0.2% in 2009, with Morgan Stanley cutting fees to hold on to clients in an increasingly competitive market.
Because the executives are compensated based on their assets under management, the managers are "incentivized to acquire assets regardless of the quality and we believe the company has an incentive to issue as much stock as possible to fund acquisitions, " analysts at Citigroup Inc.
"That suggests investors expect the new leaders will try to avoid any bond default, " says Wang Yingfeng, a bond-fund manager at Yaozhi Asset Management Co. in Shanghai, which has two billion yuan in assets under management.
The Top Advisor list ranked RIAs (registered investment advisors) based on total assets under management.
Full-service brokers offer that sort of account at fees of about 2% of assets under management.
Money managers: Misrepresentations regarding assets under management, performance, investment process, credentials, undisclosed financial relationships with consultants.
They have determined that assets under management are more important than satisfactory results to investors.
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But Gerber didn't like the price tag, which amounted to 2% of assets under management.
This occurs when assets under management (AUM) exceed the amount a manager can effectively deploy.
Over 20% of our assets under management are weighted in the financial services sector.
The fund's expenses run 2% of assets plus management's additional 20% take on annual returns over 8%.
Firms with no or unreported assets under management as of March 31, 2011 were excluded from the lists.
We primarily charge a percentage of assets under management because of our emphasis on offering comprehensive wealth management.
But given the poor quality of most small banks' assets and management, who will be interested in them?
The tepid investor response to these ETFs is highlighted by their respective assets under management and daily trading volume.
Instead of scratching back his assets under management, Icahn cut himself loose from the burden of limited partners entirely.
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Managers must become skilled at employing whatever devices circumstances require to retain assets under management, in spite of performance.
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The emphasis is on building clients' wealth (and so Merrill's assets under management).
Representations about the quality and value of the assets under management by the State Board were neither timely nor accurate.
An emerging manager has traditionally been identified by its short (or non-existent) investment track record and modest assets under management.
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An increasing number of advisers are paid as a percentage of assets under management, usually up to 1.5% to 2%.
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