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Goldman Sachs Downgrades JNS To Neutral
Wednesday, December 15, 2010 - 8:57am | 50Analysts at Goldman Sachs downgrade Janus Capital Group Inc (NYSE: JNS) from "buy" to "neutral." The target price for JNS is set to $14. JNS' shares gained 0.24% to close at $12.35 yesterday. More Analyst Ratings here
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Goldman Sachs Maintains FII's Sell Rating
Wednesday, December 15, 2010 - 8:36am | 85Goldman Sachs said today that it remains Sell-rated on Federated Investors, Inc. (NYSE: FII) “as we believe FII's growth will be muted relative to other asset managers given continued fee waivers, little cost control measures, and a mixed outlook for long-dated flows amid choppy equity performance...
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Northern Trust Wins Passive Equity Mandate from Tawuniya (NTRS)
Tuesday, December 14, 2010 - 10:53am | 414Northern Trust Global Investments, the asset management arm of Northern Trust (Nasdaq: NTRS), has been appointed by Tawuniya (The Company for Cooperative Insurance) to manage a segregated passive equity portfolio, benchmarked to the Dow Jones Global Titans 100 index. The appointment, which also...
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Deutsche Bank Says Buy Invesco (IVZ)
Tuesday, December 14, 2010 - 9:43am | 124Deutsche Bank has a Buy rating on Invesco Ltd. (NYSE: IVZ). In a note sent to clients Deutsche Bank writes, "The monthly mutual fund data was released, and given weak equity/credit mkts, long term (LT) inflows moderated in November as bond funds posted outflows (after 22 months of inflows), but...
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New iShares Blog Makes ETF Experts Available to an Expanded Audience
Monday, December 13, 2010 - 3:42pm | 136BlackRock, Inc. (NYSE: BLK) today announced that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched a social media program to provide a(...)Read the rest of New iShares Blog Makes ETF Experts Available to an Expanded Audience Copyright 2010...
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Legg Mason Appoints Peter H. Nachtwey as CFO
Monday, December 13, 2010 - 2:31pm | 66Legg Mason Inc., (NYSE: LM) today announced the appointment of Peter "Pete" H. Nachtwey as Chief Financial Officer and a member of its Executive Committee. He will report to Mark R. Fetting, Chairman and Chief Executive Officer. He joins the firm from The Carlyle Group, where he was Chief...
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Legg Mason's November AUM Falls - Analyst Blog
Monday, December 13, 2010 - 1:30pm | 504Baltimore-based Legg Mason Inc. (LM) experienced a drop in its assets under management (AUM) in November following a small rise in October. The company reported preliminary month-end AUM of $667.7 billion for November, down 1.3% from $676.6 billion at the end of the prior month. The decline...
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Legg Mason's November AUM Falls - Analyst Blog
Monday, December 13, 2010 - 1:09pm | 504Baltimore-based Legg Mason Inc. (LM) experienced a drop in its assets under management (AUM) in November following a small rise in October. The company reported preliminary month-end AUM of $667.7 billion for November, down 1.3% from $676.6 billion at the end of the prior month. The decline...
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Top 4 Mid-Cap Stocks In The Asset Management Industry With The Highest EPS Estimates (AMG, LAZ, WDR, EV)
Monday, December 13, 2010 - 5:33am | 143Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for Affiliated Managers Group Inc (NYSE: AMG) for the March quarter is $1.60 per share. AMG's trailing-twelve month operating margin is 29.73%....
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AmCap's Rating Outlook Upped - Analyst Blog
Friday, December 10, 2010 - 4:00pm | 647Rating outlook on American Capital Ltd. (ACAS) has been upped to “Stable” from “Negative” by Standard & Poor's this Wednesday. The company's long-term counterparty credit rating is set at “B-“ by S&P. The company could achieve a substantial reduction in debt in 2010. It undertook debt...
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AmCap's Rating Outlook Upped - Analyst Blog
Friday, December 10, 2010 - 3:35pm | 647Rating outlook on American Capital Ltd. (ACAS) has been upped to “Stable” from “Negative” by Standard & Poor's this Wednesday. The company's long-term counterparty credit rating is set at “B-“ by S&P. The company could achieve a substantial reduction in debt in 2010. It undertook debt...
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Legg Mason (LM) – Short Position Update
Friday, December 10, 2010 - 2:59pm | 373We added a short position to TDI Managed Growth portfolios earlier this week of Legg Mason (LM). We did so as equity outflows have continued and believe that this particular fund group could be vulnerable. In addition, we saw some inability of the stock to surpass some key resistance levels. Of...
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AGNC to Offer Common Shares - Analyst Blog
Friday, December 10, 2010 - 11:30am | 786American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced its offer of 8 million common shares totaling $219 million of net proceeds....
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AGNC to Offer Common Shares - Analyst Blog
Friday, December 10, 2010 - 10:46am | 786American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced its offer of 8 million common shares totaling $219 million of net proceeds....
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The Common Man Approach To Channel Checking
Friday, December 10, 2010 - 10:35am | 821What really defines insider trading these days? That's what the FBI wants to know, as the government organization has begun cracking down on channel checking firms and hedge funds over what exactly is legal, and what isn't. The FBI has gone so far as to ask technology researcher John Kinnucan to...