Money Manager M&A Activity Sees 70 Percent Increase

Money manager mergers and acquisition activity has witnessed a 70 percent increase in the third quarter from the previous quarter, according to a recent report from Pension & Investments. The third quarter also saw 14 money management deals compared to 10 reported in the previous quarter, while 16 deals were reported in the third quarter of last year. Money manager M&A asset transactions Total assets in transactions during the third quarter rose to $230 billion, showing an increase of 70 percent from the previous quarter. However, this was down by over 35 percent when compared to the third quarter of…