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
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
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.
Armie Margaret Lee
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