– A new stake in a JV FMC has been put up for sale
– To us, the valuation looks inexpensive but isn’t as straightforward as it may seem
Update: The momentum of shareholder change in the fund management (FMC) industry is showing no signs of slowing. After Power Corp increased its holding in ChinaAMC at the start of the year, a stake in another JV FMC has been put up for sale. The identity of the buyer is all but guaranteed. Z-Ben Advisors believes this sale should have a palpable effect on broad industry valuations.
The latest JV FMC set to see a shareholder change is …
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