Breakingviews | Alt-asset managers

Considered view

03 Jan 2008 15:01

False bottom

By John Christy AND Lauren Silva Laughlin

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Shares of US alternative asset managers like Blackstone and Fortress have cratered since their flotations. But valuations are still at a big premium to traditional money managers. Higher fees and stronger growth don't fully justify that. The new arrivals are still too expensive.

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