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Guy Moszkowski, an analyst at Merrill Lynch, takes this view, saying that only Alliance Capital and BlackRock, a company with mostly institutional clients, are worth buying at their current prices.
We see the U.S. government sale of its stake in Citigroup Inc. as positive for its institutional businesses since institutional clients are prone to see government ownership as a stigma.
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Ms. Plaehn, as senior fixed-income portfolio manager for mutual funds, pension and other institutional clients, is responsible for managing more than $73 billion and can cross the credit spectrum.
"Last year was the first in some time that the bond market had its day in the sun," said Connie J. Plaehn, a managing director of J. P. Morgan Chase & Company who, as senior fixed income portfolio manager for mutual funds, pension and other institutional clients is responsible for managing more than $73 billion in assets.
Barclays' pure currency hedging sales to institutional clients were up 40% in 2004′s first half, the last reported to date.
Goldman said its mix of products and clients, including its mortgage bond trading business and its focus on institutional clients, was responsible for the bigger drop.
Even our long idea from that post: WYNN, which was picked for our institutional clients is actually up from that day - despite the poor market surrounding it.
It said the orders, for an institutional client, were sent from a single dealer terminal at Emkay Global Financial Services.
Because the institutional client is more important than the retail client".
BlackRock uses the platform itself and has become increasingly successful in selling this service to its institutional clients who are under persistent pressure from regulators to disclose the risk of the securities they own and their ability to sell them in a pinch.
Weisel's approach would scare any value investor, but at least he has a bunch of sober-minded institutional clients who are putting money on him.
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