Industry | 2009.10.07
Jefferies Expects Divestitures to Remain Dominant Source of Asset Management M&A in Q4 2009
NEW YORK & LONDON--(BUSINESS WIRE)--Transaction volume in the global asset management industry in the third quarter of 2009 was dominated by larger financial institutions shedding investment management businesses, and that trend will continue in the months ahead, according to Jefferies & Co.’s Financial Institutions Group, formerly Jefferies Putnam Lovell. Over two-thirds of Q3 2009 global asset management M&A activity – 68% – represented divestitures, a record level in
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