Asset managers struggle to keep an even keel

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Asset managers struggle to keep an even keel
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Tempestuous markets have been hard on South Africa’s asset managers this year. While they’re seriously cheap now, much hinges on what happens in the US.

Despite last week’s dizzying rally, the outlook remains unpredictable and the clouds of recession and inflation linger. The turbulence is especially acute for companies making their money off the markets — like asset managers...

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