Manager selection: independent vs subsidiary

Taha Lokhandwala looks at Fitch Ratings research showing a growing trend of differing results between independent and subsidiary asset managers

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Fitch Ratings, the global ratings agency, last week revealed its research into the European asset management industry showing differing data on independent and subsidiary asset managers.

The research, as well as discovering a weak relationship between asset manager performance and investor inflows (PP Online, 2 October), also shows independent managers continuing to be more profita...

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