Goldman: 'Stay the course' on alternative asset managers

• Goldman's Alexander Blostein still prefers alternative to traditional in the asset manager space, noting earnings risks to shops like Artisan Partners (NYSE:APAM) and Invesco (NYSE:IVZ), and expecting growth at T. Rowe Price (NASDAQ:TROW) to stay weak, and $20B quarterly outflows to continue at Franklin Resources (NYSE:BEN).
• Blackstone (NYSE:BX), on the other hand, delivered strong results last week. Apollo Global (NYSE:APO) and Oaktree (NYSE:OAK) valuations haven't baked in any future incentive fees.
• Source: Bloomberg