In this podcast I speak with Shiv Taneja, Managing Director Europe at Cerulli Associates about the need for consolidation amid Europe's enormous number of mutual funds.
There are more than 34,000 funds in Europe alone, many of which don't even clear the US$ 20 million assets under management mark. Did you know there are more than twice the amount of funds in Europe than in the US?
Shiv not only sees the need for consolidation, but he also believes that as a result, it will bring along a number of opportunities.
Listen to the podcast below for the full story. It contains good material for thought.