As Dean Barr, head of liquid investments at Citigroup Alternative Investments, says: “It is becoming increasingly difficult to make money in traditional asset management as products are commoditized. Basically, the only growth left is in alternatives.”
It’s surprising, therefore, that hedge fund managers, which survive on high-margin products, have begun to show an interest in buying traditional asset managers.
|
“Private equity funds and merchant banks are aggressively scouting for asset managers to buy” |
US alternatives group Angelo Gordon recently announced its intentions to buy traditional investment firm ForstmannLeff Associates.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
