Affiliated Managers Group News
Affiliated Managers Group was a leading decliner within the financial services industry, falling $2.31 (-1.1%) to $202.79 on light volume
Goldman Sachs' (GS) asset management division is keen on showcasing its "liquid alternatives" mutual funds -- meaning funds for nontraditional, hedge fund-like strategies. So maybe it's no surprise Goldman's equity strategists call the niche "the next frontier" for asset managers. It's still notable that strategists Marc Irizarry, Danielle Matsumoto and Stephen Jones go so far as to compare liquid alts' promise to the fast-growing early days of exchange-traded funds. In a note Friday, the group predicts so-called retail liquid alternatives are in the early stages of a 5-10 year growth cycle, one which could produce 15-20% annual asset growth.
On Dec 3, 2013, Zacks Investment Research upgraded Artisan Partners Asset Management Inc. to a Zacks Rank #1 (Strong Buy).
Bull of the Day: Artisan Partners (APAM) - Bull of the Day
Shares of Affiliated Managers Group Inc. crafted a new 52-week high, touching $203.74 in the first half of the trading session on Dec 2.
Shares of Capital One achieved a new 52-week high, touching $73.00 in the first hour of the trading session on Dec 2, 2013.
We are presenting three mutual funds, each of which invests globally and have high returns, as well as the best possible Zacks Rank.
Shares of Invesco Ltd. hit a new 52-week high of $35.23 during the first half of the trading session on Nov 27.
Waddell & Reed Financial, Inc., the Kansas based financial planner and investment manager, recently entered into a partnership with BOK Financial Corporation to enhance its existing client services.
KKR Asset Management, Kohlberg Kravis Roberts & Co. L.P.'s leading sub-investment grade manager, recently signed an agreement to acquire Winoa Group from LBO France.
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Affiliated Managers Group Inc. was identified as having a larger market cap than the smaller end of the S&P 500, for example KLA-Tencor Corp.
Shares of BlackRock, Inc. have recorded a year-to-date return of 45%.