Here are 5 topics covered in the report and much more:
- A tale of two quarters: M&A generally and within asset management took a nosedive in the second quarter, hammered by the emergence of the Covid-19 pandemic in March. But one asset manager benefitted from the rush for safety. Find out more in the Summary.
- Consolidation continues apace: Prior to Covid, there was one more major consolidation deal within the traditional asset management sector, a $4.5 billion cash deal. We’ve seen this buyer before.
- The rich get richer: Morgan Stanley’s per-Covid acquisition of E*Trade Financial followed on the heels of a similar deal last year, adding millions of clients and hundreds of billions in assets.
- CLOs on the radar screen: Discover the multiple deals for CLO providers that occurred in the first half, continuing a trend that began after the financial crisis.
- Buying on both sides of the pond: The U.S. wealth market isn’t the only one where buyers and sellers are active. The large UK market also has a healthy network of aggressive consolidators that have remained active this year.
