, which owns Delaware Investments
Monday that its investment management unit swung to a fourth quarter loss against the backdrop of the market slump. The investment management segment posted a loss from operations of $4 million in the final three months of 2008, compared with earnings of $27 million in the year-ago period.
Deposits for the quarter totaled $3.8 billion, down from $5.8 billion a year ago and $4 billion at the end of the third quarter. Assets under management declined sequentially by $12.1 billion during the fourth quarter.
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