Browsing: Exits

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2017 Review: MiFID II Drives Research Industry M&A

01/03/2018
MiFID II precipitated much of 2017’s M&A activity, as European banks merged or folded their equities businesses and startups hoping to prosper from MiFID II’s research unbundling provisions raised capital ...
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Alt Data Outsourcer Qineqt Shuts Down

06/29/2017
Qineqt, a New York -based alternative data company for buy-side investors, has stopped operations and taken down its website, having reportedly run out of funding in April. Founded in March ...
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Research Aggregator Airex Exploring Strategic Alternatives

06/23/2017
Airex, the first of a recent wave of research aggregators, is laying off employees after having failed to raise new capital, according to informed sources.  The firm continues to seek ...
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Swedbank Outsources Equity Research To Kepler Cheuvreux

06/20/2017
Nordic bank Swedbank will merge its proprietary equity research into Paris-based Kepler Cheuvreux, in a move similar to Rabobank’s exit last year.  The combination will create one of largest Nordic ...
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Corrected: Head of Marex Spectron Independent Research Distribution Unit Departs

05/04/2017
A year after a defection of one of its co-heads, Marex Spectron lost the other co-head of its unit distributing independent research.  However, Marex Spectron says it is not shuttering ...
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Zacks Shutters Investment Banking Affiliate

04/28/2017
Zacks Group, parent of retail-oriented Zacks Investment Research, has closed its investment banking subsidiary, ZacksInvest. Principals involved in the enterprise have moved to other positions, and the ZacksInvest website has ...
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Avondale Partners Exits Cash Equities

04/03/2017
Avondale Partners shut down its equity sales, research and trading teams in an effort to redirect resources toward wealth management.  Nashville-based Avondale is the third brokerage to shutter its US ...
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Brean Capital Exits Equities Three Months After Expanding

03/13/2017
Brean Capital decided to shut down its equities business less than three months after hiring a new senior bank analyst. Now the new hire is sole remaining analyst as the ...
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CLSA Exits US Equity Research

02/28/2017
Blaming worsening market conditions for research, CLSA announced it is shuttering its US equity research operations, laying off 90 staff in US domestic research, sales, trading, corporate access and associated ...
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Strategas Acquires Encima Global As Founder Anticipates Trump Appointment

01/10/2017
Investment strategy researcher Strategas Research Partners, LLC acquired Encima Global, a New York macroeconomic research provider run by former Bear Stearns Chief Economist David Malpass.  Malpass is reportedly being considered ...
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