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

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