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A look at the industry trends to watch next year.
By Patrick Cairns
24 Dec 2020 00:01
Consolidation has already begun, and the importance of boutique players is growing. Image: Shutterstock
For years, there has been talk of consolidation in the South African asset management industry. For years, little has happened.
In 2020, however, the first significant signs of movement started to appear. Counterpointâs merger with RECM early in the year, followed only a few months later by its acquisition of Bridge Fund Managers highlighted how firms are looking to make deals.
Boutiques under the spotlight
So far, activity has been limited to the smaller end of the market. It is boutique managers, inherently more likely to face questions about their sustainability, that are coming together.