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How to Survive a Wall Street Meltdown
Oleh:
Cendrowski, Scott
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 166 no. 6 (Oct. 2012)
,
page 64-68.
Topik:
Bankruptcy
;
Global Ambitions
;
Asset Management Business
;
Profit Margins
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.48
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The bankruptcy of Lehman Brothers almost killed Neuberger Berman. Can the company succeed now by embracing Lehman's global ambitions? The asset management business isn't the bastion of stability it used to be. Long known for oh-so-reliable fees and enviable profit margins, traditional equity managers have seen clients stampede to alternatives as the stock market stalled for a decade. They've lost customers to everything from low-cost ETFs to emerging-markets funds, and their stock prices reveal the effects: AllianceBernstein's (AB) shares have swooned 84% from their peak; Legg Mason's (LM) have tumbled 75%; and Janus Capital's (JNS) are down 70%.
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