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Type: Financial research report
File Size: 729 KB
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This document is page 28 of a Morgan Stanley research report titled 'North America Insight'. It contains 'Appendix B', which analyzes the valuation of alternative asset managers through two charts (Exhibits 48 and 49) tracking P/E ratios from November 2010 to November 2017. The document bears a Bates stamp 'HOUSE_OVERSIGHT_025578', indicating it is part of a production for a congressional investigation.

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"Valuation of Alternative Managers - What©in the Price?"
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"Relative to Trad. : - 27%"
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"Relative to S&P: - 45%"
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