Asset managers have sailed on a rising tide of wealth in recent years. An equity bull market buoyed assets under management and swelled fees. But the conditions that helped markets cruise to record highs have hit an iceberg.
近年来，资产管理公司搭上了财富增长的顺风车。股市牛市提振了管理下的资产，也增加了管理费。但推动市场升至创纪录高点的条件已触及冰山。
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