Audio – Making a market for deals

November 13, 2006

fleming2.jpgGreg Fleming, co-head of investment banking for Merrill Lynch, told the Reuters Investment Banking Summit that he forsees a larger role for cash-rich hedge funds in mergers and acquisitions, particularly in buyouts led by private equity funds. Fleming said hedge funds are “hugely important” in helping to finance such deals, since they increasingly making a market for deal bonds and bank debt.

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