The death of many of the industry's tiddlers will compound a trend that started in 2006, of clients consolidating their hedge-fund holdings with a few big managers.
Until disaster-scarred 2001, its revenue was zooming ahead at a compound annual rate of 15%--triple the industry's average--while earnings per share was increasing 27%.
In the coming years, Asia will record the highest growth rate of all regions in the entertainment and media industry, with more than a 9% compound annual growth rate.