When worlds collide: Boutiques to benefit from 'crunch point' as mega-mergers ramp up

Firms hungry for bigger tie-ups

David Brenchley
Deals within the asset management industry in the first nine-and-a-half months of 2020 globally added up to $38.2bn

Deals within the asset management industry in the first nine-and-a-half months of 2020 globally added up to $38.2bn

Smaller boutique fund management groups are set to benefit from a forthcoming "crunch point" for serial underperforming rivals as the large groups get ever-larger through M&A activity, leading to more top-quality teams defecting to firms where they "are more connected to the profits they are generating".

Jefferies analyst Tom Mills believes 2020 will be "something of a crunch point" for an industry that has consistently failed to deliver outperformance versus benchmarks and passive products. Morgan...

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