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

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

Rating:Old Mutual Asset Management reports the AUM of its Member Firms Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 09, 2007

Old Mutual Asset Management reports the AUM of its Member Firms

News summary by MFWire's editors

Despite the tumultuous last few months in the market, Old Mutual Asset Management has reported an5 percent increase in the AUM of its member firms. As of September 30, the combined AUM of all the Old Mutual affiliated firms was $330.2 billion.

Old Mutual Asset Management, the U.S. asset management group of Old Mutual plc (LSE: OML), announced assets under management (AUM) by the group's member firms of $330.2 billion, as of September 30, 2007, 5% ahead of AUM from the previous quarter. The $15.1 billion quarter-over-quarter increase was driven by positive net cash flow of $9.1 billion and investment return totaling $6.0 billion.

"In what proved to be a challenging quarter for many financial services companies, Old Mutual Asset Management member firms generated net inflows of client assets along with positive market returns," said Scott Powers, chief executive officer of Old Mutual Asset Management. "These results reflect our focus on active management and quality investments, and the depth of expertise that resides across our 20 investment affiliates."

About Old Mutual Asset Management (US)

Old Mutual Asset Management is the holding company for 20 distinct, boutique firms, including asset managers that specialize in high-quality, active investment strategies for institutional and individual investors; and the Old Mutual Asset Management Trust Company. The group's parent is Old Mutual plc, an international financial services company based in London, with operations in asset management, life assurance, banking and general insurance. More information on Old Mutual Asset Management (US), its member firms and their investment teams and strategies, is available from the group's website at www.oldmutualus.com . Individual investors can access the investment capabilities of certain Old Mutual affiliates through mutual funds managed by Old Mutual Capital. Please see Old Mutual Capital's website at www.oldmutualfunds.com for more complete information or to obtain a current prospectus. The prospectus contains important information, including information about a mutual fund's investment objectives, risks, charges and expenses and should be read carefully and considered before investing or sending money.

The information contained in this e-mail may be privileged and confidential. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this e-mail communication is strictly prohibited. If you have received this e-mail in error, please notify us immediately and delete this e-mail. Thank you.

Old Mutual Asset Management * 200 Clarendon Street, 53rd Floor * Boston, MA 02116 

Edited by: Erin Kello

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

 Do You Recommend This Story?

Return to Top
 News Archives
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use