Earnings To Show Divergence Between Alts And Traditional Asset ManagersMani
1Q EPS estimates for Alts could be higher due to stronger portfolio returns, while Traditionals could witness a drop in EPS due to lower average AUM balances, reports Morgan Stanley. Michael J. Cyprys and colleagues said in their April 4 research note on Asset Managers that they anticipate average PE appreciation for the Alts at +0.03% and RE appreciation of +1.8%.
MS enhances EPS estimates for Alts sharply
Cyprys and colleagues point out that since they last marked their models in early February, the sharp . . .
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