kaal:claim:2739479-010

The private fund industry generated a disproportionate share of asset management profits: it produced 34 percent of the industry's 2013 profits, $31.2 billion of $93.0 billion, while controlling only 4 percent of total AUM.

Source quote, verbatim

Although it manages only 4% of the global asset management indus- try's total AUM ($2.8 trillion out of $68.7 trillion),121 the private fund industry represented 34% of profits generated by that industry in 2013 ($31.2 billion out of $93.0 billion).

From

Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016), II.1. Private Fund Industry Trends, p. 19
https://ssrn.com/abstract=2739479 · source PDF

Cite as

Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479

Holds when

global asset management industry
2013 profit figures

Classification

empiricalsupport: evidencedprivate-fundseconomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is b2e7b81a16ab01c73478b62e85068f9dadc5cdd18427241e8bc5e8216a967730. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/5d8344e177182781...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2739479-010.md | sha256sum