Asset Management

Merging among asset managers may not be a cure-all

Just about everybody agrees that asset managers need to get bigger. But mergers may not be a cure-all.

The rapid growth of low-cost passive investment options and pressure on fees for active management have been piling pressure on asset-management companies for years. One way to relieve that pressure has been through scale, spreading costs across a wider revenue base and helping firms better compete with the likes of giant BlackRock.

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