Asset managers avoid the market's downdraft

|By:, SA News Editor

Many asset managers are rising amid the broader market decline.

AllianceBernstein (AB +2.5%), Franklin Resources (BEN +1.2%),  and exchange-traded product specialist Wisdom Tree (WETF +1.1%) manage the healthiest gains.

Och-Ziff Management (OZM +18.3%) gains after outlining sweeping changes on Thursday that will lead to Dan Och transitioning out of the firm.

Not all are up though: BlackRock (BLK -0.2%) and Invesco (IVZ -0.9%) slip.

Previously: Skittish markets turn down (Dec. 7)

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