interesting numbers on NY1 the last couple results, AUM sitting around 290bn and margins holding despite ra…by @nico_the_analyst on $NY1

interesting numbers on NY1 the last couple results, AUM sitting around 290bn and margins holding despite rand weakness. thing is global asset managers trading way ahead on earnings multiples so hard to see where the re-rate happens from here unless they crack into the US market properly. fwiw the dividend is solid but that's more of a mature story imo