More European asset-management mergers and acquisitions have been announced so far this year than in the corresponding period in the three years prior, according to data provider Dealogic. Some 32 deals worth $5.2 billion have been announced so far this year.
The latest deal on the block: Dutch insurer NN Group NV is looking to sell its NN Investment Partners asset-management arm. Deutsche Bank AG’s asset-management unit, DWS Group GMBH, and French banking giant BNP Paribas SA are both potential bidders, according to bankers familiar with the deal process.
The unit, which manages around $360 billion in assets, is struggling to compete in a world of supermassive giants like BlackRock Inc., which manages $9 trillion, more than a quarter of which is in Europe, the Middle East and Africa. Europe has a deep pool of savings and the business of managing money is increasingly bifurcating between specialist boutique asset managers and bigger players that have scale to keep costs low. That puts firms like NN’s business and others sandwiched in the middle at a disadvantage when competing for assets on the basis of performance or low-cost management fees, bankers say.
Thanks JBSteins for this interesting article on asset managers in Europe. Passive managers generally comptete on fees. Yet why shouldn't they start competing also on performance with more transparency on the performance of all etfs ? ETFs may look the same but are not the same
TamimBinHamad qatarnews PakPMO qatarairways icao QatarNewsAgency QCivilAviation CAAPakistan QatarAirways refused Passgr Saqibsawar Satti Booking Ref NGE4AK to board in flightQR633 from IIAP on 6-6-21despite confirmed booking &all document.Take action.M.Sawar 03335143704
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foreign asset managers are eyeing China’s vast pool of savingsThere is a growing number of rock-star fund managers in China who generate more hype than the firms that employ them. Now a swathe of foreign firms hopes to take them on Why would anyone invest in China? Goldman wins approval for wealth management deal in China . Do foreign asset managers stand a chance against home grown competitors .?
Source: TheEconomist - 🏆 6. / 92 Read more »
Serious cyberattacks in Europe doubled in the past yearSignificant cyberattacks against critical targets in Europe have doubled in the past year, according to new EU figures obtained by CNN, as the pandemic pushed lives indoors and online. Sup NO there is a World War China started with a Bio weapon in retaliation to a trade war and Russia jumped in for fair measure. Iran wants in and a bunch of other countries in S America and Asia. While Democrats and the Liberal Media bring the full weight of Gov down on this guy.
Source: CNN - 🏆 4. / 95 Read more »
Cannes: France to Allow Vaccinated U.S., U.K. Visitors as Europe Reopens BordersFilmmakers and executives from the U.S. and U.K. hoping to attend this year’s Cannes Film Festival got some good news Wednesday as France, along with the rest of the European Union, reopened …
Source: THR - 🏆 411. / 53 Read more »
Biden heads for Europe to meet Putin, a pandemic and skeptical alliesPresident Biden will arrive in Europe on Wednesday, looking to repair relations with America’s closest allies in his first big moment on the world stage since taking office. The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of micheal33590 I've been earning $ 23k weekly I've never regretted this decision. 🙏🏻🙏🏻 Be safe potus hope your surrounded by alot of guards when you see Putin Stand strong✊
Source: NBCNews - 🏆 10. / 86 Read more »
Biden Heads to Europe to Restore Alliances and Counter Autocracy’s RiseOn his first foreign trip, President Biden will seek to rally European partners and other democratic nations against what he views as a threatening rise in authoritarianism. 😭😭😭 Come to Africa 🌍. Nigeria precisely The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of micheal33590 I've been earning $ 23k weekly I've never regretted this decision. 🙏🏻🙏🏻
Source: WSJ - 🏆 98. / 63 Read more »
Cicadas ground White House press plane for hours before departure to EuropeJournalists set to cover President Biden’s first trip abroad were delayed several hours after cicadas grounded the press plane. Im starting to like Cicadas LOL PattyArquette Putin Profit Press grounded by cicadas
Source: NBCNews - 🏆 10. / 86 Read more »