Alternative asset managers quietly manage trillions of dollars around the world, but very few people have access to their funds. Ordinary investors are more likely to own index funds, or mutual funds managed by companies like T. Rowe Pricerather than private funds from the likes of Oaktree Capital Groupthat are more common among the ultra-wealthy.
In this segment from Industry Focus: Financials, join The Motley Fool’s Gaby Lapera and Jordan Wathen for a brief discussion on who invests in these exclusive funds, and how alternative asset managers make money managing the money of the super rich.
A full transcript follows the video.
This video was recorded on April 24, 2017.
Gaby Lapera: Generally,
it’s not your average investor who’sgiving money to these alternative asset managers. It’s super-wealthy individuals or families, pension funds, and,am I forgetting someone? I feel like I am.
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Get a free copy of the Zacks research report on Laredo Petroleum (LPI)
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Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
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Intuit Inc. (NASDAQ:INTU)Q3 2018 Earnings Conference CallMay 22, 2017, 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
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Fear & Loading: UpdateGunsite and Intuit Come to Terms (americanrifleman.org) Report: Intuit suddenly stops processing credit card payments on gun-related sales (twitchy.com) Intuit agrees to reimburse firearm facility after cutting credit service (nypost.com) Stock’s Current Update Intuit Inc. (INTU) (stockmarketstop.com) Investor Watch on Shares of Intuit Inc. (NASDAQ:INTU): Shares Moving 0.038556077% From the Open (stocknewscaller.com)
NASDAQ INTU traded down $0.12 on Friday, reaching $208.96. 2,172,493 shares of the company were exchanged, compared to its average volume of 1,434,709. The firm has a market capitalization of $53.32 billion, a P/E ratio of 55.43, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Intuit has a fifty-two week low of $130.26 and a fifty-two week high of $210.19.