Fund houses seek alts, ESG takeovers to raise income
Funds houses are acquiring niche players in order to cover weaknesses in alternatives, which is the industry’s largest revenue pool, and as ESG's importance grows.
Active fund houses are increasingly seeking to acquire targets that boast strong alternative asset capabilities or proven strengths in environmental, social and governance (ESG), in an effort to cater to shifting client preferences and offset the pressure they are coming under from passive rivals.
The outcome of the lower-for-longer interest rates due to the financial impact of the Covid-19 pandemic has heightened the demand for alternative assets such as real estate and private e…
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