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

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

Rating:Aston's Parent Posts Higher Q3 Net Income Not Rated 1.0 Email Routing List Email & Route  Print Print
Tuesday, November 17, 2009

Aston's Parent Posts Higher Q3 Net Income

Reported by Armie Margaret Lee

Highbury Financial, which owns Chicago fund firm Aston Asset Management, recorded net income of $851,580 for the third quarter, up from $641,004 in the year-ago period. Denver-based Highbury, founded by Berkshire Capital honchos, had approximately $6.2 billion of AUM at the end of September, compared to $5.1 billion as of end-June and approximately $4.5 billion as of end-September 2008.

During the third quarter, Highbury purchased the remaining 35 percent stake it didn't already own in Aston. In exchange, Aston's management team obtained 1,000 shares of preferred stock of Highbury.

In July, three Highbury stockholders pushed for changes in Highbury's management and in response, the firm's board created a special committee to look into strategic alternatives.

"While the Special Committee evaluates strategic alternatives for the Company, management and the Board of Directors will continue to seek to create, enhance and preserve value for our stockholders." stated Highbury CEO Dick Foote

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

1.0
 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