As if on cue…

Further to my earlier post about the decline of traditional fund management, from Sunday’s FTfm (sub):

Fund universe contraction accelerates
by Ruth Sullivan

The rate of contraction of the sprawling European fund industry accelerated in the first six months of 2012, when 1,620 funds closed or merged, well ahead of the 1,104 launches, according to Lipper.

This net reduction of 516 funds already surpasses the full-year total for 2011, when 3,564 vehicles closed or merged and 3,211 launched, a net decrease of 353…Further contraction is expected this year…

Advertisements
This entry was posted in Finance and capital markets. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s