Some highlights from Monday’s FTfm.
Large groups score lower on efficiency
Research shows that contrary to accepted wisdom, large groups do not provide economies of scale and that smaller and independent houses scored higher on a measure of the effectiveness with which an organisation uses a given set of inputs to produce outputs. Henderson Global Investors, BlackRock, Ashmore and Aberdeen scored highest for cost efficiency while a number of the least efficient were owned by banks or insurers, including Old Mutual, Investec and MFS International. Read more