MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 16, 2013 Don't Worry About ING's Underwhelming IPO ING had an underwhelming IPO, opening at 25-cents below their initial offering price of $19.50, but that doesn't mean that mutual fund M&A is toast. P&I argues that ING shouldn't be considered a harbinger for deals to come because the company is not a pure-play asset manager. Rather it is a complicated business sporting a huge variety of different functions. “The market looks at ( ING) more as an insurer than as a money manager,” the article quotes Domonkos Koltai, partner and co-founder of PL Advisors, New York. The appetite still seems to be strong for pure focus asset managers. “The overall window is open more than it was a year ago,” Silver Lane's Elizabeth Nesvold told P&I. Printed from: MFWire.com/story.asp?s=43898 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |