The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fire Sale is Not in the Cards for a Fund Firm's Parent, Says Analyst Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 07, 2010

Fire Sale is Not in the Cards for a Fund Firm's Parent, Says Analyst

News summary by MFWire's editors

A mutual fund firm's parent company was in the news yesterday because of an analyst report. The Street.com picked up on a report by Evercore Parters analyst Andrew Marquardt, who does not see a fire sale in Marshall & Ilsley's future.

The Milwaukee-headquartered bank is the parent of M&I Investment Management Corp., which runs the Marshall line of mutual funds.

In his report on Monday, Marquardt wrote that there was "growing investor concern that Marshall & Ilsley may indeed be the next Wilmington Trust, implying a distressed sale at a deep discount."

Marquardt, however, does not see such a scenario playing out, noting that Marshall & Ilsley is taking steps to fix credit problems through write-downs and asset sales. 

Edited by: Armie Margaret Lee

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use