M&A wave passing Perella Weinberg?

Perella Weinberg was a hot banking boutique launched with a gilded name. But it appears not to be faring as well in these historic boom times. Fortune reports the firm's "first 10 months have been rather lacking. In a torrid M&A season, with a record $3.8 trillion in deals announced in 2006 and another $1.7 trillion this year... PW has won 'official' credit for exactly three." This has been a surprise. Joe Perella was as close as you could get to a superstar banker. Perhaps the expectations were a bit out of whack. But things can change. They announced two deals recently that at least puts them in the top 50. More deals are likely in the works. The firm hasn't been sitting back. It's been building out an asset management business and a restructuring business that could prove quite prescient. Still, you cannot deny the surprise.

For more:
- here's the Fortune article