Although predictions are that a boom in hedge fund mergers is imminent, the peculiar nature of hedge funds is likely to militate against such a widespread flurry of mergers.
Morgan Stanley CEO-designate James Gorman seeks to dominate U.S. retail brokerage by smoothly integrating Citi’s Smith Barney unit. “We are creating a distribution giant with a lot of muscle,” says Gorman.
In an article about Citicorp’s megamerger with Travelers Group, Institutional Investor described the deal as providing “a little insurance” for the firms’..
