Morgan Stanley Appendix C: List of Asset Management Research Reports

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ Appendix C: Notable Alt Reports: In Case You Missed Them™% Asset Managers & Brokers: 4Q17 Preview: Buy CG and ETFC into the Print (12 Jan 2018) Raising Est on Tax Cuts & Strong Mkts, Upgrading APO and ETFC to Overweight (3 Jan 2018) Asset Managers & Brokers: 2018 Outlook: Key Debates in a Year of Change (3 Jan 2018, The Carlyle Group L.P.: Fundraising Ahead of Expectations; Buy the Dip (4 Dec 2017) Alternative Asset Managers and Credit Strategy: Interest Deductibility at Risk: Game Changer for High Yield and Private Equity? (9 Nov 2017) Alternative Asset Managers: C-Corp Conversion: To convert or not to convert, that is the question (6 Nov 2017) Asset Managers & Brokers: Uncovering Long-Term Value with ESG (20 Sep 2017) Global Asset Management: Building the Money Manager of Tomorrow (13 Sep 2017) The Blackstone Group L.P.: Management Meeting Takeaways: Significant Runway for Growth (10 Aug 2017) The Blackstone Group L.P.: Why Blackstone's "Innovation Machine" Suggests Upside to $60 Bull Case (24 Jul 2017) The Carlyle Group L.P: Inflection Point for Carlyle Supports $40 Bull Case (12 Jul 2017) Hamilton Lane Incorporated: Unique Play on Private Markets; Initiating at Overweight (27 Mar 2017) Asset Managers & Wholesale Banks: The World Turned Upside Down (16 Mar 2017) The Blackstone Group L.P.: $100 Billion Reasons to Thrive in Uncertainty: Mgmt Meeting Takeaways (10 Nov 2016) Alternative Asset Managers: Who@Got Swimsuits? (19 May 2016) Asset Managers: Convergence of Alts/Traditionals Multiple: Put This Chart on Your Wall (21 Jul 2019 US Asset Managers: Benchmark Inclusion of Alts: What If...? (22 Jan 2015) US Asset Managers: Introducing *Core® Fee-Related Earnings (FRE) Metric (15 Jan 2015) US Asset Managers: Cash In On the Harvesting Super-Cycle: Initiating on Alts: OW BX, KKR, OAK (19 Dec 2014) HOUSE_OVERSIGHT_025579