Are fund houses in Asia cutting costs too much?

Global fund management companies appear to be cutting costs too aggressively in Asia in respect to regional revenues, according to a study by Greenwich Associates, a research firm.Abhi Shroff, a consultant at Greenwich in Singapore, says many asset managers are slashing head count and other costs at the same degree as in the United States. But revenue declines in Asia have been less than those in America. So why are many firms cutting Asia-related expenses to the same degree?"Most ass…