HOUSE_OVERSIGHT_014322.jpg
1.1 MB
Extraction Summary
0
People
3
Organizations
0
Locations
1
Events
0
Relationships
3
Quotes
Document Information
Type:
Presentation slide / financial report page
File Size:
1.1 MB
Summary
This document is a single page from a Bank of America Merrill Lynch presentation dated November 17, 2016, from the '2016 Future of Financials Conference'. It presents investor survey data on the real estate cycle and the most attractive aspects of investing in alternative asset managers. Despite the potential context suggested by the 'HOUSE_OVERSIGHT' Bates stamp, this specific page contains no explicit mentions of Jeffrey Epstein, his associates, or any related entities.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
The organization that produced the document and hosted the conference.
|
|
| BofA Merrill Lynch Global Research |
Cited as the source for the data in the charts.
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|
| HOUSE_OVERSIGHT |
Appears as part of a Bates stamp ('HOUSE_OVERSIGHT_014322') at the bottom of the page, suggesting the document was pa...
|
Timeline (1 events)
17 November 2016
2016 Future of Financials Conference, where this presentation was likely delivered.
Unknown
Key Quotes (3)
"Where do you think we are in the overall Real Estate cycle?"Source
HOUSE_OVERSIGHT_014322.jpg
Quote #1
"What is the most attractive aspect of investing in an alternative asset manager?"Source
HOUSE_OVERSIGHT_014322.jpg
Quote #2
"Where do you think distributions for the industry will be in 2017 vs. 2016?"Source
HOUSE_OVERSIGHT_014322.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,478 characters)
Chart 11: Where do you think we are in the overall Real Estate cycle?
60%
57%
50%
40%
42%
30%
20%
10%
1%
0%
Early innings with limited areas of concern
Middle innings with a few pockets of concern
Late innings with growing areas of concern
Source: BofA Merrill Lynch Global Research
60%
57%
50%
40%
42%
30%
20%
10%
1%
0%
Early innings with limited areas of concern
Middle innings with a few pockets of concern
Late innings with growing areas of concern
Source: BofA Merrill Lynch Global Research
Investors like the growth, superior performance, & distributions
When asked "What is the most attractive aspect of investing in an alternative asset manager?" investors like both attractive growth & superior performance and high dividends/distributions (both at 35%). Investors also like the long term locked up capital (18%), while low valuations and wide moats were less important (both at 6%).
When asked "What is the most attractive aspect of investing in an alternative asset manager?" investors like both attractive growth & superior performance and high dividends/distributions (both at 35%). Investors also like the long term locked up capital (18%), while low valuations and wide moats were less important (both at 6%).
Chart 12: What is the most attractive aspect of investing in an alternative asset manager?
40%
35%
35%
35%
30%
25%
20%
18%
15%
10%
6%
6%
5%
0%
Attractive organic growth & superior performance
High dividends/distributions for shareholders
Wide moats for established firms
Long term locked up capital
Low valuations
Source: BofA Merrill Lynch Global Research
40%
35%
35%
35%
30%
25%
20%
18%
15%
10%
6%
6%
5%
0%
Attractive organic growth & superior performance
High dividends/distributions for shareholders
Wide moats for established firms
Long term locked up capital
Low valuations
Source: BofA Merrill Lynch Global Research
Despite moderating distributions of late, most expect flat to higher in '17
When asked "Where do you think distributions for the industry will be in 2017 vs. 2016?" investors expect roughly flat or up 5-15% (both at 37%), followed by down 5-15% (21%). Few investors expect distributions to change more than 15% year-over-year.
When asked "Where do you think distributions for the industry will be in 2017 vs. 2016?" investors expect roughly flat or up 5-15% (both at 37%), followed by down 5-15% (21%). Few investors expect distributions to change more than 15% year-over-year.
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2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
HOUSE_OVERSIGHT_014322
2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
HOUSE_OVERSIGHT_014322
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