The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Asset Management Deal Value is Up, Volume Down in Q3 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 07, 2009

Asset Management Deal Value is Up, Volume Down in Q3

by: InvestmentWires Staff, 

Disclosed deal values in the asset management space rose to $4.5 billion in the third quarter, up from $4.2 billion in the year-ago period, according Jefferies & Co.'s financial institutions group, formerly Jefferies Putnam Lovell. Jefferies tracks global asset management M&A activity.

In the July to September period, the median deal value was $140 million, almost double the median ($73 million) in the same period last year.

During the quarter, a total of 38 deals were announced, compared with 66 a year ago. Assets that are changing hands amounted to $749 billion, compared with $728 billion last year.

According to Jefferies, divestitures represented the bulk -- 68 percent -- of third quarter deals, with the latest example being the sale of Columbia Management's long-term asset management business to Ameriprise.

"As larger financial institutions refocus on strategic strengths, we expect they will continue to separate asset management distribution from manufacturing, keeping the former and seeking solutions for the latter businesses, said Aaron Dorr, managing director within Jefferies' financial institutions group, in a news release on Tuesday. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use