Revenues for Japan fund managers bottom out

Profitability for fund managers in Japan, both domestic and foreign, has been falling since 2005. That trend continues but there are signs it is stabilising. According to data compiled by Nomura Research Institute (NRI), management fees remain stable while revenues have enjoyed a modest gain against assets under management. Demand for hedge funds may play a big role in that, says Sadayuki Horie, senior researcher. He says the data regarding pension funds’ allocation to hedge f…