Foreign fund firms pay big in Japan
Foreign fund houses spend significantly more on outsourcing expenses and salaries than local asset managers in Japan, finds a new study, among other conclusions.
Foreign asset managers spend more on outsourcing expenses related to operations – not including investment management – than their domestic counterparts in Japan, but the biggest difference is in the proportion of revenue spent on salaries and bonuses, finds a new report*.
The research from Cerulli Associates and Nomura Research Institute (NRI) also points to trends in the country's asset management industry that will benefit fund firms. These relate to the new Nippon Individual S…
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