Active fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: ShutterstockActive fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: Shutterstock
Active fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: Shutterstock

Franklin Resources to buy rival Legg Mason to create a US$1.5 trillion asset management group

  • Franklin Resources to pay US$50 for each Legg Mason share, and assume about US$2 billion of outstanding debt
Topic |   Investing
Active fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: ShutterstockActive fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: Shutterstock
Active fund management companies face unprecedented pressures on fees and have been trimming staff to control costs, leading to some industry consolidation. Photo: Shutterstock
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