MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 7, 2010 Fire Sale is Not in the Cards for a Fund Firm's Parent, Says Analyst 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. Printed from: MFWire.com/story.asp?s=35332 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |