Consolidation has been the watchword in the asset management sector this year and, consequently, the structure of the funds industry is changing as rapidly as the City skyline.
Polar Capital has more than doubled its assets under management year-on-year, driven primarily by inflows into its Japanese products.
For the fund management industry, 2013 has sometimes seemed like a case of another week, another acquisition.
Jupiter has reported net inflows of £271m for the three months to 30 September, helping push AUM up by almost £850m over the period.