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

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

Rating:Is Artio Facing a Email Routing List Email & Route  Print Print
Wednesday, May 02, 2012

Is Artio Facing a "Slow-Motion Unwind"?

News summary by MFWire's editors

Artio Global Investors' [profile] assets under management have dropped 52 percent to $26.6 billion on March 31, 2012, down from $55.8 billion when the New York City-based asset manager IPOed in September 2009. Kirsten Grind of the Wall Street Journal reports on Artio's woes, pointing to the mutual fund shop's heavy focus on a single investing strategy, one that has not fared well in recent years.

According to Morningstar, Artio's signature Artio International Equity I and Artio International Equity II both remarkably underperformed their benchmark in recent years, thanks in part to the sovereign debt crisis that the market has been suffering for the past years.

According to the pub, even though first quarter results show that both offerings have rebounded, clients are still withdrawing their cash. Artio's earnings report shows a 48-percent decline in AUM year-over-year.

Tony Williams, president and chief operating officer of Artio, insisted that the company is healthy with $46.9 million in cash and a debt-free balance sheet as stated in their earnings report.

"The last three years have been very unusual in terms of our longer-term track record," Williams told the WSJ.

Yet Citigroup's William Katz and other analysts worry about Artio's outflows.. In a research report which was published in January, Katz wrote: "The persistent level of outflows raises ongoing concern questions in our view."

Improving on the firm's performance is now the priority, according to Williams. He added Artio would not consider taking the firm private or selling itself.  

Edited by: HFD


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use