NU Online News Service, Jan. 28, 9:45 a.m. – U.S. mutual fund companies acquired in 2001 did better than fund companies acquired in 2000, according to Cerulli Associates, Boston.
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Cerulli Finds Increase In Fund Deal Success Rate
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Staff Writer
January 28, 2003 at 07:00 PM
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Fund company mergers and acquisitions were down sharply, but Cerulli researchers found that 46% of the companies acquired grew faster than their peers after the 2001 deals were completed. In 2000, only 33% of the companies acquired ended up growing faster than their peers, Cerulli reports.
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