Alternative investment managers are on fire this year — and they could just be getting started (KKR)
|10/16/2017||Posted by BusinessMediaguide.Com under General World News||
Equity markets have been red hot, but one area of Wall Street has been even hotter.
Shares of alternative investment managers — those who deal with assets outside of traditional equities, like real estate, hedge funds, and commodities — are up roughly 40% so far this year, over double the S&P 500‘s benchmark 13% return in the same period, according to data from Goldman Sachs.
“Our bottom-up free cash flow analysis shows the stocks’ earnings power is ~30% greater today than it was in 2014/15 (prior share peaks), while the downside risks have been significantly reduced,” analyst Alexander Blostein read more >>>