In 2021, More Consolidation Awaits the Asset Management Industry
December 21, 2020 at 09:14 AM EST
The asset management space could be ripe for more mergers and acquisitions activity in 2021. “On Feb. 18, just a day before the S&P 500 Index set a pre-pandemic record, Franklin Resources Inc. announced a deal to acquire asset manager Legg Mason Inc. for almost $4.5 billion, a move that would...