Inefficient Amvescap
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Monday, November 22, 2004

Inefficient Amvescap

Poor Amvescap. Unlike its other asset management peers, the company is still lagging in terms of assets, suffering net outflows at the end of September, according to a Barron's Online article.

Those outflows are hurting the company's valuation, which has not rebounded as much as the other asset managers from the lows of the past summer, according to the article.

The company's troubles may make it more attractive to potential buyers, according to the article.

Meanwhile, it is also expected that Charles Brady, chairman and chief executive officer of the UK money manager, will relinquish half of his leadership, giving up the CEO title sometime next year, reported Barron's..

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