In an increasingly volatile equity market – when it seems that the time of easy pickings among stocks is behind us, with markets falling, previously blue-chip companies struggling to raise capital, and carnage among TMT newcomers – the qualities needed to meet the needs of issuers and investors are changing.
UBS Warburg is one that seems to have the attributes – strong research, balance sheet capacity, combined institutional and retail distribution – that suit it to the new conditions.
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