Does anyone have color on the jef fixed income franchise? I believe they may have market share in levered loans, but in all of their qtr reports the revenues from ficc are pretty sad. Understand a lot of this has to do w balance sheet, but outside of structuring & origination would like to hear how this franchise stacks up to the other banks. Clear their equities business is highly competitive across the street but no read on fixed income. Competitive? Culture/comp?
Thx!
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