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Consolidation offers few benefits to clients, partners or employees, says Jay Horgen
Asset managers add private strategies to grab share of market worth $15tn and growing
Former AMG chief executive helped nurture fund managers including AQR, Winton Capital and ValueAct
Decision comes a week after group’s sale to bond insurer Assured Guaranty
Sean Healey steps down due to illness as AMG chief executive with Nate Dalton taking over
AMG chief Sean Healey looks ahead to “incredibly exciting” next ten years
Big deals in asset management grab the headlines but a lot goes on under the radar
Insurer has initial talks with Chinese conglomerate and two buyout groups
Trump plan to cut tax on repatriated earnings would boost US asset managers
Legal & General appoints Sir John Kingman as chairman
Multi-boutique asset manager pays $800m for holdings of Petershill
Nigel Wilson, the chief executive of Legal & General, has criticised executive pay as ‘opaque’
Board ‘endorses’ deal with New York-listed AMG as part of South African group’s retrenchment
Credit Suisse and Goldman Sachs funds are the latest looking to buy stakes
BlueCrest sells most of its remaining holding in ‘quantitative’ fund manager Systematica
Funds of hedge funds are benefiting from the hunt for yield
Boutique holding company AMG is swimming against the passive current
Pablo Goldberg joins BlackRock’s emerging markets fixed income team
Jack Inglis will become the new Aima chief executive
Kames Capital has appointed Martin Davis as chief executive
Sheila Nicoll, FSA director of conduct policy, is moving to Ernst & Young as a senior adviser
A round-up of the latest moves in the fund management industry
Movers
Artemis finds AMG’s ‘passive, financial’ support works well
International Edition