More than twice as many cross-border asset management acquisitions have been made in the first quarter of 2007 than in the same period last year, fuelled by competition among rival groups for a greater share of global business.

The two largest deals in the first quarter of 2007 were cross-border links. These included the $3.9bn (€2.9bn) acquisition of Boston-based Putnam Investments by Canada's Power Financial Corporation and the $1.5bn TA Associates-led management buyout of Britain's Jupiter Asset Management.