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Scale Is Becoming Essential In Asset Management
- Nuveen's £9.9bn purchase of Schroders creates one of the world's largest active asset managers with about $2.5tn of assets.
- The deal highlights structural cost pressures and suggests consolidation is likely across active fund managers.
An End To Centuries Of Independence
- Schroders' deal ends almost two centuries of the firm's independence while keeping the Schroders brand alive.
- The company had recently underperformed peers and faced criticism over high costs and weak private markets business.
AI Glasses Are Driving Sales — And Margin Questions
- EssilorLuxottica's partnership with Meta and AI-powered glasses drove an 18% jump in fourth-quarter sales that beat expectations.
- Rapid scaling (Meta aiming for 20m+ units) will keep margin questions front and center for the company.