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Published on: 7/26/2005
Last Visited: 7/26/2005
TORONTO, July 26 /CNW/ - eResearch analyst, Robin Cornwell, MBA, has written an Update Report on Integrated Asset Management Corp. ("IAM"), (TSX-V: IAM).IAM is an alternative asset management company that has strategically diversified into five asset classes: (1) real estate; (2) private debt; (3) private equity; (4) managed futures; and (5) hedge funds.The analyst set a 12-month Target Price of $2.75 per share, and stated that the indicated annual dividend currently provided an attractive yield of 6.9%.In the Report, which is free for a limited time on eResearch's website www.eresearch.ca, Mr. Cornwell stated: "IAM is distinctive among public investment management companies since it is focused on managing alternative class assets, and derives its revenue from not only management and advisory fees but also performance-based fees."Mr. Cornwell added, "The key to the success of these asset classes is the choice of the management teams that conduct them, and their commitment to that success through their direct ownership of the division managed and their participation in the management and performance fees generated."