Large asset management mergers and acquisitions deals will likely occur this year, according to a report from Jefferies Putnam Lovell, as firms take advantage of distressed sales and divestitures.
Last year, there were 217 financial M&As. By volume, 2008 was the second most-active year on record, following 242 deals in 2007. By value, $1.99 trillion in assets under management exchanged, 2008 was also the second biggest year, tied with $1.99 trillion in 2007. The biggest year in terms of assets occurred in 2006, when $2.65 trillion in assets under management were bought or sold.