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 equity market rebound boosted estimates for the Alts, though Traditionals lag on lower average fund values. They anticipate…
Earnings To Show Divergence Between Alts And Traditional Asset Managers
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports