Asset Management Expansion
Piper Jaffray agrees to purchase Advisory Research, Inc
Piper Jaffray Companies today announced a significant expansion of its asset management business. The company signed a definitive agreement to purchase Advisory Research, Inc., an asset management firm with approximately $5.5 billion in assets under management, which are mainly focused in equity strategies. Advisory Research, Inc. is based in Chicago. The transaction is expected to close in the first quarter of 2010 and is subject to customary regulatory approvals and client consents. Read the full press release.
- View the investor presentation (PDF)
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