Asset Management Holiday Sale: 60% Off
Dec 14th, 2008 | Filed under: Institutional Investing, Today's Post
Apparently retailers aren’t the only ones discounting their merchandise to bring wary shoppers into their stores this Holiday season. Asset management firms are now priced to move. Since their top lines are levered to the absolute value of capital markets, asset managers have seen a precipitous drop in their valuations recently. In fact, the following chart from Pensions & Investments shows how valuations have fallen further than the overall stock market and even further than their own 2009 EPS estimates.
Retailers are proving this season, such deep discounting is bound to drive up volumes. As Pensions & Investments noted:
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