Altman: Seeing More Takeover Interest in Asset Managers

The video discusses the state of mergers and acquisitions (M&A) in the asset management sector, highlighting a recent acquisition of American Capital. It notes that M&A activity is healthy despite a period of market volatility in January. The discussion emphasizes the interest in asset managers due to their stable business models, especially in a volatile market. It also points out the shift from traditional asset managers to passive investment strategies like index funds, indicating a trend in asset management transactions.

What was the state of the M&A sector in January?

• It saw a record number of transactions.

• It was very active.

• It was the most stable month.

• There was almost no activity.

Why have asset managers been of interest in recent years?

• They have stable businesses.

• They offer high returns.

• They are new to the market.

• They have been unstable.

What is causing the shift in asset management?

• Increased interest in long-only managers.

• A rise in active management strategies.

• A move towards passive and index fund managers.

• A decline in the number of asset managers.

What type of managers are seeing big outflows of assets?

• Hedge fund managers.

• Passive managers.

• Long-only centered managers.

• Index fund managers.

How frequent are asset management transactions?

• They are rare.

• They are declining.

• They happen occasionally.

• They are quite frequent.