Greggory Warren, a stock strategist for Morningstar.com, says that the pressure may be on the bottom half of the top ten fund firms to bulk up. Warren writes that BONY-Mellon, Goldman Sachs, PIMCO, Legg Mason and Northern Trust may feel the need to expand product lines and AUM in the wake of the BlackRock-BGI mega deal. The top five asset managers; BlackRock-BGI, State Street Global Advisors, Fidelity Investments, Vanguard Group, and JP Morgan, manage more than $8 trillion in AUM.

Warren also gives a rundown of past deals and the strategic motivations behind them.  

Edited by: Erin Kello


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