How to strike gold on a west coast roadshow
Ah, the west coast. Sunshine, movie stars, vineyards, Disneyland, Highway 1 – and about $2.58 tn of equity capital to be tapped. And if that isn’t incentive enough for an IRO to head for California, how about this: California buy-siders are long-term investors. According to Cary Krosinsky at CapitalBridge, 96 percent of Californian investment turnover is characterized as either low, very low or moderate. As a bonus, 41 percent of that money is invested in value stocks: growth and
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Morgan Molthrop
Morgan Molthrop is vice president of investor relations at Infonet Services Corp in California
