Here's your summary from Fairview's Morse Sees Consolidation in Asset Management (https://www.youtube.com/watch?v=L9AmkrL7q-A) on the Bloomberg Television channel:
**TLDR:** Fairview's Morse discusses the consolidation in asset management industry and the partnership with New York Life.
1. Fairview sold a minority stake to New York Life due to organic compatibility and mutual respect.
2. Consolidation in the asset management industry is being driven by large institutional investors seeking broad investment options.
3. Fairview is paying close attention to AI and sees it as a multi-year investment curve with discipline ultimately winning.
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