Ignites Series Examining Asset Management Consolidation Features Ropes & Gray Investment Management Partner
Fund industry executives and analysts for months have prophesied a wave of consolidation bigger than any since the financial crisis headed for asset managers, but no one is sure when that wave will crest, writes Ignites in a four-part series examining the climate for asset management mergers and acquisitions. The four articles in the series examined pent-up pressure in the market, issues complicating deal valuations, how product mix affects shops’ matchmaking, and personnel concerns.
James Thomas (Boston), investment management partner and co-leader of Ropes & Gray’s asset management initiative is quoted throughout the series. “It seems obvious at a high level that some consolidation is going to take place, but it hasn’t happened in the way you might have expected,” Mr. Thomas notes.