Who wants to be a trillionaire?
| Dec 4th, 2006 | Filed under: Hedge Fund Industry Trends | By: Alpha Male |
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As BNY Mellon’s first official slide presentation from Monday indicates, the combined firm is now one of a handful of asset managers with over $1 trillion of AUM.
This slide (slide #12) also contains a few hints about the rationale behind the merger (at least from an asset management perspective).
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[...] Who wants to be a trillionaire? [...]
[...] Looks like BoNY M will have to update its list of trillionaires. Number one UBS ($2.016t) is being trumped by Barclay’s / ABN AMRO ($2.058t). But the difference is “razor thin” at a mere $42 billion (a tad larger than the GDP of Kenya for those keeping score at home). [...]