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In the battle of index funds, it's hunt or be hunted

Things are heating up for an industry where big-ticket mergers are rare.
Saturday, February 25, 2017 - 05:50

Last week, Japan's SoftBank Group Corp struck a US$3.3 billion deal to buy alternative-asset manager Fortress Investment Group, whose shares had lost two-thirds of their value since the company went public in 2007.


MONEY managers, squeezed as investors flock to low-cost index funds, are cutting deals.

Janus Capital Group and UK-based Henderson Group are merging to reduce costs, broaden product mix and expand geographically.

Last week, Japan's SoftBank Group Corp struck a US$

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