Although many of the changes affecting the Belgian institutional asset management arena have not been as dramatic as those of the previous year, 1999 brought new developments for this small market. All of them were overshadowed by the poor performance of the Belgium stock market. Beginning with last year’s Fortis/Bank Générale merger and the more recent union between Dutch group ING Investment Management (ING) and Belgian player BBL Asset Management, the number of players has been ...
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