Boutiques Scurry To Reposition

French, Jeff
December 2005
Investment Dealers' Digest;12/19/2005, Vol. 71 Issue 48, p4
Trade Publication
The article focuses on recent developments related to investment banking. The are reports of Fox-Pitt Kelton Inc. being put up for sale by parent Swiss Reinsurance Co. Meanwhile, Thomas Weisel Partners reported a $1.17 million loss in the third quarter of 2005, bringing its nine-month loss to $13.1 million as compared to a profit of $9.2 million in the same period a year ago. In August 2005, Wells Fargo Securities Inc. closed its institutional equity brokerage and research group. Swiss Reinsurance has hired the services of Evercore Partners Inc. to manage the sale of Fox-Pitt.


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