The concentration of assets managed by the top 20 largest fund groups reached its highest level on record last year amid increased M&A in the industry, research by Willis Towers Watson has found, as it also warns the sector faces "massive change and disruption".
The Thinking Ahead Institute, a not-for-profit hub set up by Willis Towers Watson, conducted research which found the 20 largest asset management firms around the globe account for 43.3% of the top 500...
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