economy
US buyers snap up Europe’s asset managers at fastest rate in decades
European fund groups struggle as firms race to bulk up and expand globally
TL;DR
- US companies are acquiring European asset management firms at the fastest pace in decades.
- This trend is fueled by a race among firms to increase their size and expand globally.
- European fund groups are facing pressure to consolidate or risk being acquired.
- The consolidation is seen as a necessary strategy for survival and competitiveness in the global market.