Top European asset managers have suffered in the wake of the credit crunch over the first six months of this year. The top 20 asset managers headquartered in Europe managed â¬10.4 trillion ($15.9 trillion) between them at the beginning of the year. According to company reports, the figure implies a fall of more than â¬400bn in assets managed to the end of the first quarter.
The decline in assets at many of the firms continued in the second quarter, with firms losing more than â¬150bn.
