Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Greg Johnson Expects More Mid-Size Asset Manager Mergers Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 9, 2016

Greg Johnson Expects More Mid-Size Asset Manager Mergers

News summary by MFWire's editors

Greg Johnson predicts lots more M&A activity among mutual fund shops and other asset managers, at least among mid-size players.

Gregory E. Johnson 
Franklin Templeton Investments
Chairman of the Board, Chief Executive Officer
The Franklin Resources [profile] chairman and CEO shared his prognostications with Stephen Foley and Robin Wigglesworth of the Financial Times.

"In any business where margins are under presssure, there will be consolidation as a way of making efficiencies, and that is being accelerated," Johnson tells the FT. "Whether there were ETFs or not, it's a much more mature business these days."

"The bigger the firms, the harder it will be," Johnson adds. "I wouldn't envisage any of the top 10 players merging. But we will see activity in the middle of the market."

That "M&A in the middle" prediction for asset management was echoed by fundsters and other industry insiders who talked to MFWire this week in Orlando at the 2016 INSITE conference hosted by broker-dealer and RIA custodian Pershing. Conferees see big shops getting bigger, to gain more scale on things like distribution, even as smaller boutiques continue to pop up and make their own niches without worrying about scale. It's the firms in the middle, fundsters say, that increasingly face the pressure to scale up further or join forces.

Johnson's comments, the FT notes, come as Franklin "is on course to record its eighth straight quarter of net outflows." The company had $743 billion in AUM at the end of Q1 2016. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use