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Investment trusts move towards Mergers and Aquisitions

Fund managers are now more active in mergers and acquisition than ever before, according to a report by William M. Mercer, one of the world&#39s biggest investment consultancies.


In the race to become the first true global fund manager, 54 of the top 185 fund managers operating in Europe, were involved in M&A activity in 1999.


The report says this is transforming the industry which has traditionally been dominated by domestic business. The need to expand into new countries and new markets is motivating an increasing number of fund managers to engage in expansion activity.


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