Anath Capital
acquires Stratton Street and will integrate the credit fund
manager's $500 Mio AuM with its Garraway Capital subsidiary to bring combined
AuM to $ 1 Bio.
While consolidation in the Asset Management space continues it will not
end in a completely oligopolistic landscape. The bigger the dominant firms
become the less able they will be to differentiate their products or achieve
outperformance. This will always leave room for up-and-coming managers - apart
from the human desire to run their own business rather than being stuck in huge
bureaucracies.
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