Many Wall Street experts think that the JOBS Act will change the hedge fund industry. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, it could also lead to the consolidation of existing funds - and the creation of others.
"It would not surprise me if you saw consolidation in the industry, meaning large mutual fund or asset management companies acquiring independent firms," Strachman told StreetID. "It wouldn't surprise me to see mergers of independent firms together. I expect that you'll see a number of funds growing, both independent funds -- guys who come out of big houses, whether it's Goldman Sachs (GS), Morgan Stanley (MS), Merrill Lynch (BAC), wherever -- they're gonna launch funds."
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