Article: Independent Firms Will Boost Market Share as Fund Industry Tackles Fundamental Change, Says Jefferies Putnam Lovell Report on the Future of Asset Management.

NEW YORK -- Independent and quoted money management firms, both traditional and alternative, will capture 33% of all assets under management by 2012, up from 24% today, and will be beneficiaries of an historic shift from the retirement mainstay upon which the global fund industry was built, according to Putnam Lovell, the division of Jefferies & Company, Inc. focused on the asset management and financial technology industries.

Commercial banks, insurance companies and investment banks controlled the global money management business in its infancy. Increasingly, they will find it more lucrative to assemble unaffiliated products and play the role of professional ...

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