Friday, March 27, 2009
Big Fund Houses Are Joining Forces
Client Assets Moved After Consolidations Doubled in 2008
The value of client money that changed hands as a result of consolidation in Europe's asset-management industry last year rose by 138% from 2007 levels despite the number of deals remaining flat, according to new research.
That is one indicator of how rapidly large fund houses are joining forces in a bid to survive the financial crisis. Assets under management that were transferred between consolidating European managers in 2008, totaled $632 billion...
WSJ: Big Fund Houses Are Joining Forces (Subscription)
The value of client money that changed hands as a result of consolidation in Europe's asset-management industry last year rose by 138% from 2007 levels despite the number of deals remaining flat, according to new research.
That is one indicator of how rapidly large fund houses are joining forces in a bid to survive the financial crisis. Assets under management that were transferred between consolidating European managers in 2008, totaled $632 billion...
WSJ: Big Fund Houses Are Joining Forces (Subscription)
Permalink posted by markw @ 6:26 AM 
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