Post by
poubelle1 on Nov 21, 2018 1:55pm
Disappointing
Someone seems to want out. Hopefully the weakness in the oil patch does not portend an imminent writeoff.
crossing my fingers. If it is just a case of slippery fingers, then this is a good entry point.
Comment by
Method on Nov 21, 2018 2:02pm
A writeoff on which asset? They manage funds for others that are part of a diversified portfolio. They have losses in those portfolios from time to time but that wouldn’t impact the IAM’s financials. When the waters get a bit rough, it’s easier for them to find assets to buy but harder to raise money so hopefully they have made good progress on the latter and can enjoy the former.