Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • November 2010
  • Case
  • HBS Case Collection

Morgan Asset Management

By: Boris Groysberg, Paul M. Healy and Sarah Abbott
  • Format:Print
  • | Pages:19
ShareBar

Abstract

It is 2010 and Guillermo Araoz, the equity research director at Morgan Asset Management (MAM), is considering his research budget for the year. Due to recent declines in the equity markets and MAM's sale of its mutual funds business, MAM has seen a decline in its assets under management and, consequently, in its research budget. The case describes the investment process at MAM, including how stocks are selected and portfolios are constructed, and discusses the way in which the research budget supports this process. Araoz is faced with the challenge of how best to allocate this smaller research budget without negatively impacting the firm's investment process and investment performance.

Keywords

Budgets and Budgeting; Asset Management; Financial Strategy; Investment; Resource Allocation; Research and Development; Financial Services Industry

Citation

Groysberg, Boris, Paul M. Healy, and Sarah Abbott. "Morgan Asset Management." Harvard Business School Case 411-058, November 2010.
  • Educators
  • Purchase

About The Authors

Boris Groysberg

Organizational Behavior
→More Publications

Paul M. Healy

Accounting and Management
→More Publications

More from the Authors

    • November 21, 2022
    • MIT Sloan Management Review (website)

    Now You See Me, Now I'm Gone

    By: Boris Groysberg, Derek Haas and Eric Lin
    • November 2022 (Revised December 2022)
    • Faculty Research

    The Dutch East India Company (VOC)

    By: Sophus A. Reinert, Paul M. Healy and Robert Fredona
    • November–December 2022
    • Harvard Business Review

    Can AI Really Help You Sell?

    By: Jim Dickie, Boris Groysberg, Benson P. Shapiro and Barry Trailer
More from the Authors
  • Now You See Me, Now I'm Gone By: Boris Groysberg, Derek Haas and Eric Lin
  • The Dutch East India Company (VOC) By: Sophus A. Reinert, Paul M. Healy and Robert Fredona
  • Can AI Really Help You Sell? By: Jim Dickie, Boris Groysberg, Benson P. Shapiro and Barry Trailer
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College