Global retirement assets under management will likely exceed $70.4 trillion by the end of the year, according to a report from Cerulli. That would be a $20 trillion increase from 2008. "It would be churlish not to feel a sense of optimism about the near- and medium-term outlook for the global asset management industry, especially when considering top-line growth," said Shiv Taneja of Cerulli.

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