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2025 Asset Management Trends to Know
Market uncertainty has increased the volatility of asset manager stocks.

US Equity Markets Continue to Outperform Other Categories
Fee Pressures Could Become a Long-Term Issue

Fee pressures have become elevated in our coverage and are expected to be a long-term issue for the group.
Alternative Fund Returns Have Been More Muted the Past Couple of Years

US stock performance has largely rivaled private equity performance the past five years, but other alternative categories continue to outperform.
Private Credit Fundraising Has Been Larger Focus for Alternative Managers

Chart shows private credit capital raised, in US billions from Q1 2020 to Q2 2025.