Alternative asset managers have been beaten down, their time is now: Goldman

In looking at 2017 stocks, a Goldman Sachs report says bet on market volatility and those who profit off it. In a research report out January 4, the investment bank’s equity research team likes exchange stocks, even with those issues at historically high valuations, and likes alternative investment firms, at low price earnings multiples, based in part on the same core investment thesis.

Despite dramatic market out-performance, exchanges have room to run

The markets have been very good to the middleman without directional risk. Since 2013, exchange related issues have generated nearly +24% annually on average. Compare this with the financial sector XLF index,...