Value of HF companies dives in Q4, but “growth trajectory remains strong”: Report
| Feb 22nd, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post | By: Alpha Male |
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Want to buy a hedge fund company? No? Well then you’re not alone. According to M&A specialist Jefferies Putnam Lovell,
“…strategic buyers of hedge funds – investment banks – are beset by their own internal convulsions while financial buyers are reassessing their interest in the alternative sector and endeavor to discern the survivors from the doomed.”
While a lot has been written about the value of hedge funds recently, a new report by the firm sheds some light on the value of the companies that manage them.
Believe it or not, deals involving alternative asset managers accounted for nearly a third of all asset management M&A transactions in 2008; the second highest percentage on record according to the report (see chart below – click to enlarge). More…
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