Buy Alternative Asset Managers During Market Weakness: Morgan Stanley

“We continue to see a strong operating backdrop for the alternative asset managers, and believe short-term market weakness creates attractive entry points,” say Morgan Stanley analysts Matthew Kelley and Toni Kaplan in their research note on the industry. “We forecast 16% average total return and reiterate Overweight ratings on The Blackstone Group L.P.(NYSE:BX), KKR & Co. L.P. (NYSE:KKR), and Oaktree Capital Group LLC (NYSE:OAK).”

A key point the analysts make is that the market appears to have ignored above-consensus ENI performance during Q4 and distributions by these companies, as can be seen . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 13 subscribers whichever comes first – please do not share this discount with others

 

0