After Julius Baer decided to sell its
U.S asset management business last week through an initial public
offering, analysts remain confident in the U.S. fund firm. They have
little reason to suspect the move will disrupt the money mangers
strong performance and speculated on possible advantages after the
I.P.O.
Gregg Wolper, analyst at Morningstar, said the
I.P.O. route is better for Julius Baer than a sale to another fund shop
because it suggests that fees and staff will not change. Wolper added
that there is a potential benefit to the new structure in that Julius
Baer will no longer be vying with other groups for a parent firms
attention.
Bridgette Beardon, analyst at Financial
Research Corporation, said the critical factor will be whether or not
Julius Baer keeps its managersand she predicted it will.
The
new U.S. firm will be branded Artio Global Investors. Beardon said it
was too early to say what a new brand would do for sales.