MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 26, 2012 DST May Sell Off Assets It looks like big things are happening at DST. According to a Barron's article, the firm appears to be beginning to monetize its non-core assets, which are believed to be worth around $1 billion after taxes. The report notes that in the past year, DST has sold $309 million of its investments. Barron's reporter David Englander quotes new DST CEO Steve Hooley as saying the firm could sell it's $450-million stake in State Street "should we desire to." That quote came from a conference call at the end of last month. The article goes on to give a more full picture of what DST's business model and current outlook is. To read those details, go to the original article here. Printed from: MFWire.com/story.asp?s=42139 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |