Indie Managers Outperform Subsidiaries.

The article reports that independent, publicly listed U.S. asset managers were able to outperform asset management subsidiaries of listed U.S. financial conglomerates in 2011. Publicly traded asset managers reported a median profitability of 35 percent in 2011, compared to 25 percent for subsidiaries. Jeb Doggett, a partner at Casey, Quirk & Associated, cited retaining top talent and having lower turnover as the key factors that influenced such success.