There was a rush of acquisition activity in fund management last month, sparking talk of another round of consolidation. If this comes about, M&A bankers will raise a huge cheer.
They will be hoping this run of deals is the start: if not of an avalanche, then at least a small landslide. Hard times in fund management, with dead markets forcing parents to consider selling off investment houses, could mean bonus time again for the M&A piranhas.
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