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Rating:Artio Doubles Its Net Fund Flows Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, April 29, 2010

Artio Doubles Its Net Fund Flows

News summary by MFWire's editors

Investors pour a net $26 million into Artio Global Investors' funds in the first quarter of 2010, up from $10 million in net inflows in Q4 2009 and $62 million in net outflows in Q1 2009. This morning the New York-based asset manager revealed adjusted diluted earnings per share of $0.46, compared to analysts' estimates of $0.47, according to Yahoo! Finance. Those results represent nearly a 50 percent increase year-over-year, from $0.32 in Q1 2009.

Artio's proprietary mutual fund assets under management rose from $19.466 billion on March 31, 2009 to $24.063 billion on December 31, 2009 and $24.482 billion on March 31, 2010. That represents almost half of Artio's total $56.4 billion AUM. 

Edited by: Neil Anderson, Managing Editor


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