Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Cohen & Steers' Earnings Disappoint, but AUM Jumps Not Rated 2.3 Email Routing List Email & Route  Print Print
Thursday, August 4, 2005

Cohen & Steers' Earnings Disappoint, but AUM Jumps

Reported by Theresa Sim

New York City-based Cohen & Steers reported second quarter net income of $8.5 million, or $0.21 per diluted share. The results were below analysts' estimates by two pennies.

The fund firm grew assets under management nearly 12 percent from the first quarter to $19.9 billion.

Institutional separate accounts grew the fastest quarter over quarter, increasing nearly 16 percent to $4.4 billion. Closed-end mutual funds gained 10 percent to $10 billion, while open-ended funds jumped 12.5 percent to $5.4 billion.

Investment advisory fees totaled $29 million in the second quarter, up 6 percent from the quarter before.

Separately, Cohen & Steers announced that Richard Helm has joined the firm has senior vice president and head of large-cap value. Prior to joining Cohen & Steers, Helm managed the WM Equity Income Fund.

Stephen Dunn also joined Cohen & Steers from Essex Investment Management as the firm's senior vice president and director of institutional marketing.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use