Asset management merger and acquisition activity in the U.S. was valued at some $28 billion in 2020, the highest deal value in the sector since $29 billion in 2000, according to data from Dealogic. But if the late burst of activity in 2020 was any indication, it will be difficult for some industry players to resist acting quickly for fear of being left behind. Analysts and executives expect the wave of consolidation to carry into 2022 as sheer scale has become a necessity for fee-pressured investment managers looking for an edge. All indications suggest the asset manager arms race has only just begun. Unlike the activity and attention being drawn to the larger…
