The number of new funds being launched into the European market has dropped by half from the peak in 2008 as asset managers struggle through a tough business environment.
It is a scary world out there isn't it?
Charles McKenzie, the head of fixed income, EMEA, for Aberdeen has joined J.P. Morgan Asset Management.
ONE TO WATCH
THE BIG QUESTION
BlackRock has promoted Alex Hoctor-Duncan to the newly created role of head of retail for Europe, Africa and the Middle East (EMEA), while Maarten Slendebroek, responsible for international retail, is leaving next month after 18 years with the group
The predictions of consolidation within the asset management industry come and go with the economic cycles and stock market volatility.