Reuters – Following are key quotes from the Reuters Hedge Funds and Private Equity Summit. Below are some quotes from the summit’s second day speakers.

"Nothing much is actually happening. It will be tested over the course of the next 6 months. (The public market shareholders) do seem to be tacitly or directly encouraging companies to push hard with their banks, so rather than selling off the family silver, wait and see if you can get a better deal by deferring things."

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LUXEMBOURG (Reuters) – A wave of mergers and acquisitions could sweep the fund management industry this year as players come under pressure from the market turmoil, said speakers at the Reuters Funds Summit.

One leading hedge fund manager added that the consolidation could lead to the disappearance of half of the current hedge fund players.

"I would say that if half had to close, I wouldn’t be surprised," said Ken Kinsey-Quick, head of multi-manager products at London-based hedge fund Thames River Capital LLP.

"The consolidation is happening right now. By summer it will be done and dusted. Those that are going to be around, it will be pretty clear in June who those will be," he added.

Both hedge funds and more mainstream fund management companies have faced having to merge or be taken over due to the effects of the financial crisis, which has led to massive withdrawals of clients’ money.

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