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U.S. Asset Managers Are Still Attractive, Says J.P. Morgan
Tuesday, October 12, 2010 - 8:23am | 226Read More...Citing strong September returns, J.P. Morgan has revised its estimates for U.S. Asset Managers. “Given that much of the rally took place late in the quarter, the positive market is having a greater impact on forward estimates than on 3Q10E results,” J.P. Morgan writes. “We see the outperformance as...
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Invesco September AUM In-Line With Expectations
Tuesday, October 12, 2010 - 8:11am | 124Read More...Invesco (NYSE: IVZ) reported September AUM of $604.5 billion, essentially in-line with Sterne Agee's $606 billion estimate. Average AUM for the quarter was $583.3 billion, slightly below our $589 billion estimate. Favorable currency movements during the quarter added approximately $7.5 billion to...
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Invesco Still a Buy
Monday, September 13, 2010 - 7:46am | 106Read More...Invesco, Ltd. (NYSE: IVZ) reported lower AUM at August's month-end of -1.5% to $502.1B., according to Deutsche Bank. Credit markets are positive, and management cited long-term positive growth that see strength in fixed income and increasing value, albeit slowly, of money market assets, Deutsche...
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Fidelity Investments President Announces Retirement
Wednesday, January 20, 2010 - 6:32pm | 176Read More...The number two executive at one of the largest mutual fund groups in the world has announced plans to retire. Fidelity Investments’ President Rodger Lawson will step down at the end of March. Fidelity has been controlled by the Johnson family since it was founded by Chairman Edward C. “Ned” Johnson...
