Big transactions are on the horizon, but there will be lower overall transaction volume, according to Darlene DeRemer
of Grail Partners
. DeRemer spoke at a panel called "Future of Asset Management" Monday afternoon
at the second annual MFWire
Influencers Summit at the Ritz Carlton in Boston.
"Thank God I'm a banker," DeRemer quipped.
She said most M&A activity will be "mergers at the edges," deals that involve larger firms seeking scale to better compete with rivals and smaller firms seeking scale to survive.
In the middle ($5 billion to $50 billion AUM), there will be "sporadic" deal action, she added.
As for headline valuations, they will remain depressed, with buyers seeking to defray risk.
Other panelists included Lisa Finkel
, formerly of Wellington Management, and Marco Hanig
of AQR Funds [see profile
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