It is 2010 and Guillermo Araoz, the equity research director at Morgan Asset Management (MAM), is considering his research budget for the year. Due to MAM's sale of its own mutual funds business and recent declines in the equity markets, MAM has seen a decline in its assets under management, and therefore, in its research budget.
Morgan Asset Management Case Study Solution
Portfolios are built and the case describes the investment procedure at MAM, including how stocks are picked, and discusses the manner in which the research budget supports this procedure. Araoz is confronted with the challenge of how best to allocate this smaller research budget without impacting the investment process and investment performance of the company.
PUBLICATION DATE: November 08, 2010 PRODUCT #: 411058-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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