The Street: Banks - Feb 22, 2010Jefferies Group, Inc. (JEF)
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The Street.comWhile 2009 was undoubtedly one of the most challenging periods historically for the asset management industry, deal activity will accelerate in 2010, according to Jefferies' Financial Institutions Group. The rebound in deal making activity will be driven by continued divestitures involving large financial institutions and a return of independent asset managers to the market after a prolonged absence As outlined in "On the Road Again," a review of 2009 M&A activity in the global asset management, broker dealer and financial technology industries published by
Jefferies, aside from the array of large deals completed during the year, deal making was generally quiet as firms focused on reducing their cost structures and realigning their strategic initiatives
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<span class="sent">While 2009 was undoubtedly one of the most challenging periods historically for the asset management industry, deal activity will accelerate in 2010, according to <span class="company">Jefferies</span>' Financial Institutions Group. </span> The rebound in deal making activity will be driven by continued divestitures involving large financial institutions and a return of independent asset managers to the market after a prolonged absence As outlined in "On the Road Again," a review of 2009 M&A activity in the global asset management, broker dealer and financial technology industries published by <span class="company">Jefferies</span>, aside from the array of large deals completed during the year, deal making was generally quiet as firms focused on reducing their cost structures and realigning their strategic initiatives
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