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Goldman Sachs Sees Fewer Funds Running More Money After MiFID | Tony Seruga
May
02

Goldman Sachs Sees Fewer Funds Running More Money After MiFID

By
  • New rules are leading sellers of funds to streamline offerings
  •  Goldman Sachs won eight client mandates since January

Boutique managers, watch out.

Goldman Sachs Group Inc. says new European rules designed to improve transparency for investors are prompting fund distributors to cut the number of products they’re offering and hand larger pools of money to fewer managers. The shift is boosting so-called sub-advisory agreements, where a manager oversees assets for other firms, and putting more pressure on the industry to consolidate…
Goldman Sachs Sees Fewer Funds Running More Money After MiFID
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