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‘Bloated’ asset managers face ‘year of reckoning’ amid desperate acquisition spree
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Asset managers are suffering from “bloat” due to booming pandemic markets, and face a year of “reckoning” as economic stimulus is withdrawn, according to an annual industry health check.
As the tailwinds in public markets fade, many traditional managers are so desperate to expand into private markets they are prepared to “pay whatever it takes” for acquisitions, say consultants Oliver Wyman.
Julia...
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