Keefe, Bruyette & Woods Comments On 4Q10 Operating Trends For Alternative Managers (BX, FIG, KKR, OZM)

Keefe, Bruyette & Woods is out with its reports examining the 4Q10 operating trends for alternative managers.

In the report, Keefe, Bruyette & Woods writes "Overall, 4Q10 unfolded largely as expected with improving new business trends and performance fee generation. As evidenced by the growth in undistributed incentive income we think the alternative managers continue to have significant latent earnings power. While we
rate each Outperform, BX remains our top pick."

Companies included in the report are Blackstone Group (NYSE: BX), Fortress Investment Group (NYSE: FIG), KKR & Co. (NYSE: KKR), and Och-Ziff Capital Mgmt (NYSE: OZM).