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Ivy Schmerken
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Ticonderoga Launches Research Coverage of Asset Management Companies

Ticonderoga also plans to cover brokerage firms, exchanges, market structure and e-finance, within its recently established financial services sector.

has initiated research coverage of eight asset management companies under the leadership of senior analyst Doug Sipkin, the institutional broker dealer announced today.

Sipkin, who is a managing director at Ticonderoga, will cover asset management companies within the firm’s recently established financial services sector, which will also include coverage of brokerage firms, exchanges, market structure and e-finance. Sipkin joined Ticonderoga earlier this month from Pali Capital where he served as research analyst, and has spent his career in the industry. He previously helped establish the brokerage and asset management research vertical during his nine years at Wachovia.

“This is another significant step forward as Ticonderoga builds out its newly-formed financial services group and continues to grow the firm’s overall platform,” commented Shawn McLoughlin, CEO and co-founder of Ticonderoga Securities, in the release.

As part of today’s launch, Ticonderoga initiated coverage of the following companies: Artio Global Investors (ART), BlackRock (BLK),Eaton Vance (EV), Franklin Resources (BEN), Invesco (IVZ), Janus Capital Group (JNS), Legg Mason (LMT), and Rowe Price Group (TROW).

“This year will be difficult for asset management stocks. A tougher bond market, a slowdown in fixed-income flows, and continued pressure from ETFs highlight some of the risks we see moving into 2010,” Sipkin said. “To start the year, we prefer names that are more equity-centric and more balanced geographically. Organic growth trends will likely have a more meaningful impact on relative stock performance considering appreciation benefits will not come as easily as they did in 2009.” Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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