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Fund manager M&A falls to six-year low as headwinds curb deal appetite

Asset management deals in the UK dropped 32% in 2023, compared to a record number the previous year

Cost and fee pressures are causing fund houses to look for deals, but fewer are materialising
Cost and fee pressures are causing fund houses to look for deals, but fewer are materialising Photo: Getty Images

Deals between asset managers fell to their lowest level in six years in 2023, despite much-anticipated consolidation across the sector.

According to data provided to Financial News by the London Stock Exchange Group, 865 asset management M&A transactions were completed globally last year, down 25% on 2022.

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