The Great Asset Management Shakeout finally gets underway

Our monthly “Legal Ease” column looks at M&A activity in the funds sector which Gavin Weir, a partner with White & Case, expects to accelerate.

Wags have predicted consolidation fever in the asset management space for a good half-decade, but few seem to have looked back at whether history followed the tarot cards.

History shows that the Great Asset Management Shakeout has not materialised… or hadn’t, until recently. Consolidation-driven M&A activity in asset management has indeed been on the rise, marked by Standard Life’s £3.8 billion marriage to Aberdeen Asset Management and Amundi’s €3.55 billion purchase of Pioneer.

That trend will continue, even accelerate. But the reasons are more varied and complex than many of those who foresaw the trend may realise. Sure, smaller asset managers hope to use M&A to bloom into larger players, enabling them to offer attractive, lower-cost services while maintaining reasonable margins. But there’s more to it than that.

Read the full article here.

This article appeared in the June edition of Funds Europe

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST