HUGE ASSET MANAGEMENT JV ON THE HORIZON – A joint venture which could see two of the biggest asset managers join forces to create the eurozone’s leading asset manager, with €1.5 trillion assets under management. AXA and, French rival, Natixis have entered into discussions over a possible partnership, looking to cross-sell products with the option to restructure and cut down costs as a result. Both firms saw a decline in combined commissions and fees even with an expanding assets. It can be argued that the inspiration for the partnership was taken from Amundi’s acquisition of Pioneer, with its shares rising 45% since their initial listing in 2015, and an increase in earnings of 7% annually. If the joint venture is given the go ahead and a familiar template is used, we can expect a squeeze on costs from both parties. #SpartanInternational