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Investment managers, a group McKinsey says runs “the most consistently profitable business in financial services,” saw profit plunge 45 percent and average assets fall 14 percent from 2007 to 2009 after the collapse of the U.S. housing market.

Photographer: Scott Eells/Bloomberg

Investment managers, a group McKinsey says runs “the most consistently profitable business in financial services,” saw profit plunge 45 percent and average assets fall 14 percent from 2007 to 2009 after the collapse of the U.S. housing market.
November 16, 2011
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