Although only two asset management firms have come to market with initial public offerings (IPOs) this year, the fact that there have been any at all has triggered speculation that investment management IPOs may slowly be coming back into vogue.

Those recently seeking to raise capital through a public offering include Cohen & Steers of New York, and Calamos Asset Management of Naperville, Ill. While not an investment manager on its own, Morningstar, the independent mutual fund and stock research and data provider in Chicago, is also hoping to tap the capital markets and raise cash.

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