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Feb 12
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WATCH
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Peter Harrison
CEO, Schroders
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"AI has changed the landscape and the requirement to invest in that technology... is better done with a larger business." The deal commanded a "34% premium" and "17x 2025 earnings." This deal sets a valuation floor and a strategic imperative for other mid-to-large traditional asset managers (e.g., European/UK peers). They face the same AI/Tech capex headwinds and lack of scale. The market will likely re-rate these stocks as potential M&A targets. WATCH/LONG for M&A arbitrage in the sector. Deal flow dries up; regulators block further consolidation. |
Bloomberg Markets
Nuveen to Buy UK's Schroders for $13.5 Billio...
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Jan 31
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AVOID
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David Fagan
Guest
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90-98% underperformance rates against the index; turnover costs reduce returns by up to 2% annually. |
We Study Billionaires
Why Simple Investing Wins w/ David Fagan (TIP...
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