Year of the Ox outlook: Will there be multiple fund house mega-mergers?
With asset managers' profit margins increasingly under pressure as fees fall and costs and client expectations rise, more industry consolidation is surely coming. But how quickly?
Every Chinese New Year, AsianInvestor makes 10 predictions about developments that will affect global financial markets and the portfolios of Asian investors, especially asset owners. Today we focus on consolidation in the asset management industry.
Will we see at least two mega-mergers in the investment industry this lunar year (deals that form asset managers with at least $1.5 trillion under management)?
Answer: Yes
It seems an accepted consensus that scale confers major ben…
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