Brendan Caldwell
Seamark Asset Managemnet
SM-T
COMMENT
Feb 27, 2007
Investment management Company. Has seen asset management Companies go through tough times through the years and has seen them fix their problems and go forward. Feels that this one can do the same thing.
Likes the job that the team has done. One of the difficulties they have is that a lot of their assets are in Carrington Management Group (?) which has not been growing as rapidly as it has done. With asset management you want growth.
It is a Halifax based company. They have had management problems and there are no signs of changing. There is a lot of uncertainties. Recommends not holding right now.
Has gone through major problems. Asset management is a highly competitive business. Lost important personnel on the industrial side. The mutual fund and private client side is becoming very competitive.
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