Voters Name Morgan Stanley Top Global Research Effort in II 1998 Poll
Morgan Stanley was named Voters' Choice for Best Global Research Effort in Institutional Investor's 1998 Global Research Team, the magazine's second annual ranking of sell-side firms' global research.
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Morgan Stanley was named Voters' Choice for Best Global Research Effort in Institutional Investor's 1998 Global Research Team, the magazine's second annual ranking of sell-side firms' global research. The poll of 275 institutions worldwide, published in II's December issue, described Morgan Stanley as one of the firms "especially aggressive in tackling the challenge" of cross-border valuation work, a key concern of investors. II cited Morgan Stanley's Apples-to-Apples series as an example of its cross-sector approach. In addition, the article noted that Morgan Stanley had expanded its Competitive Edge series to include emerging markets.
Morgan Stanley's Barton Biggs garnered a first team place in Asset Allocation. Stephen Penwell and David Meade's team received second place rankings in Fixed Income Industrial Credit and Fixed Income High Grade Strategy. Four runner-up positions in Currency, Economics, High-Yield and Fixed Income Research also contributed to Morgan Stanley's overall third team position.
Morgan Stanley received the following sector rankings:
| Sector | | Position |
| Asset Allocation | | First Team |
The magazine ranked Morgan Stanley's Barton Biggs number one in global asset allocation, ahead of
number two Goldman Sachs, Kleinwort Bensen (third) and Merrill Lynch (runner-up). It cited in
particular Biggs' "fire and ice" deflation prediction and bull market bunds call in October 1996,
and his bearishness on Asia in early 1997. His asset allocation tables were also mentioned. |
| Currencies | | Runner-up |
| Economics | | Runner-up |
| Fixed-Income/High-Grade Industrial Credits | | Second team |
II details some of Morgan Stanley's good calls for the year and describes the Firm's FID research weekly, biweekly and monthly faxes on regions as "chock full of information." |
| Fixed-Income/High-Grade Strategy | | Second team |
II states, "Morgan Stanley Dean Witter made several outstanding calls in the past year. Highlights include its European strategists' negativity on bond swaps and credit spreads in October 1997 when the turmoil in world markets began in earnest and their simultaneous bearishness on Malaysia because of concern about political and foreign exchange risk." |
| Fixed-Income /High-Yield | | Runner-up |
| Fixed-Income/Sovereigns | | Runner-up |
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