The bull market for U.S. money management firms surged in the first half of 1996. According to data from Investment Counseling Inc. and Berkshire Capital Corp.:
- The number of U.S. domestic start-ups surpassed that for all of 1995.
- The number of acquisitions, joint ventures and start-ups among U.S.-based firms in the first half was almost 20% higher than in the first half of 1995.
- There were 18 cross-border deals involving U.S. and non-U.S. firms through June, compared with 27 for all of 1995.
- The value of the deals in the first half of the year was almost 80% of the value of the deals for all of 1995.