A group of European fund managers, including AXA Investment Managers, Deutsche Asset Management, Fidelity Investments, Merrill Lynch Investment Managers and UBS Global Asset Management, are planning to establish a pan-European trade association based in Brussels, according to a report in the Financial Times. It follows the likely failure of a proposed merger between the Brussels-based European Federation of Investment Funds and Companies (Fefsi) and the European Asset Management Association (EAMA) to create a new body called Europeinvest. Klaus Mossle, president of Eama, told the Financial Times the new body is an alternative to the proposed Fefsi-Eama merger, and will come into being only if that merger fails. The Fefsi board are scheduled to discuss the Eama merger tomorrow.
Fefsi Board Meet Tomorrow To Discuss Merger With Eama, Under Threat By Fund Managers To Create A New Body
A group of European fund managers, including AXA Investment Managers, Deutsche Asset Management, Fidelity Investments, Merrill Lynch Investment Managers and UBS Global Asset Management, are planning to establish a pan European trade association based in Brussels, according to a report
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