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Article: Jefferies Putnam Lovell: Asset Management M&As to be Steady in Second Half.(News)
- Article from:
- Investment Management Weekly
- Article date:
- July 13, 2009
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Byline: Editorial Staff
With faith restored in the global asset management industry, due to a four-month stock market rally and more voices saying the economy is on the mend, mergers and acquisitions in the industry will see a brisk pace in the second half of the year, Jefferies Putnam Lovell said.
What drove M&As in the first half of 2009 will continue in the next six months, the investment bank said: companies needing to raise capital, pure-play asset managers looking for large scale and expanded offerings, and private equity firms drawn to the industry's potential for growth and strong profits.
However, M&As fell ...
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