Now we have published our final issue of Investment Week for 2012, we reflect on what has been a rollercoaster year characterised by big changes in the fund management industry.
2012 was a year of consolidation for fund groups, which moved to streamline their product offerings in preparation for the new world under RDR. Risk-rated products became all the rage, while groups also introduced clean fee share classes and different pricing models on their ranges ahead of the trail commission ban. M&A M&A activity picked up – Liontrust was one of the groups snapping up investment teams and other firms, such as Walker Crips Asset Management – a deal that was well received by the industry. Cannacord bought Eden’s wealth arm, Quilter merged with Cheviot, and a raft ...
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