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The firm is selling its Advisory Research Inc. group and will sharpen its investment banking focus.
Investment bank Piper Jaffray Companies is leaving the asset management realm via the sale of its Advisory Research Inc. (ARI) businesses, which will help the firm sharpen its IB focus, officials say. Piper Jaffray acquired ARI in 2010, and during the past nine years, “the asset management industry has continued to evolve in terms of...
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