Blackstone, Invesco, LPL Investment: Citi’s Asset Managers Of ChoiceVW Staff
The strong gains seen during 2013 somewhat limit the upside potential to stocks of asset managers during Q4, 2014 and 2015.
“We remain most bullish on Alternative Managers (deepest upside to targets, best underlying flow dynamics, still favorable realization backdrop, and tactically expect strong 4Q ENI beats to the “Street”) but are becoming increasingly price sensitive on Traditional Asset Managers and Broker Dealers following sizeable upswings in 2013, particularly into YE,” says Citi’s research team of William R Katz, Neil Stratton and Steven J Fullerton, in their Q4 preview.
Citi’s asset manager universe
Here is a summary of . . .
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