They are
bad asset managers.
Not exact matches
Worse yet, research indicates most
managers, there are a few exceptions among
managers who concentrate on shifting
asset classes to take advantage of underpriced categories.
It has become very challenging for core fund
managers to compete with aggressive direct buyers, and this may only get
worse as the new owners look to hold these core
assets long - term.
By January when Zach was limping and grimacing up the floor with a
bad ankle and hip and Thibs kept playing him 35 minutes in a lost season, i realized that he wasn't much of an
asset manager either.
But this morning, «the carnage isn't as
bad as it was last night,» says Candice Bangsund, vice-president and portfolio
manager, Global
Asset Allocation, Fiera Capital in Montreal.
The investment objective was to purchase a number of
asset managers — and in little more than a year, facing into the worst financial crisis since the»30s, they acquired four companies: Wood Asset Management, Boyd Watterson, Sovereign Holdings (since absorbed into Boyd), and National Investment Serv
asset managers — and in little more than a year, facing into the
worst financial crisis since the»30s, they acquired four companies: Wood
Asset Management, Boyd Watterson, Sovereign Holdings (since absorbed into Boyd), and National Investment Serv
Asset Management, Boyd Watterson, Sovereign Holdings (since absorbed into Boyd), and National Investment Services.
More generally, my only real defense on
asset managers is to look for great story, great stock and great valuation — as per my article — a cheap valuation is not enough to save you if things start going
badly.»
Conversely, if a
manager has had
bad performance relative to the market, and the
assets have not become massively cheaper, that's really
bad news.