Behold, the incredible shrinking funds managers

Behold, the incredible shrinking funds managers
By the magic of scale, funds managers face pressure to merge (Image: Deposit Photos)
David Chaplin
The funds management big end of town may soon be the only end of town, or just town, if a PwC prediction comes to pass.According to a new PwC survey, about 16% (or one in six for the numerately diverse) of asset and wealth management firms across the world will disappear over the next four years either through buy-outs or shut-downs – almost twice the historical rate.Obesity, known as “scale” in consulting circles, confers an outsize advantage in asset management where the overweight can squeeze out competitors on both fees an...

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