The document discusses the near-term and long-term risks for stocks of alternative asset managers, especially after a significant price surge in 2013. It highlights potential economic slowdowns and their impact on earnings, as well as the challenges in maintaining distributable earnings in the private equity cycle.
doj/DataSet10/EFTA01452592.pdf
{"title":"Alternative Asset Manager Initiation","document_date":"2014-01-28","document_type":"correspondence","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0109716","SDNY_GM_00255900","EFTA01452592"]}