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Rating:Kudos to Artisan! Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 11, 2013

Kudos to Artisan!

News summary by MFWire's editors

Mister Market likes mutual fund shops again, or at least one mutual fund shop in particular. Artisan's [profile] initial public offering had the best first-day gain in over a decade for an asset manager, according to SeekingAlpha.

Artisan pulled the trigger on its IPO on Thursday, closing with a first day gain of 29 percent.

This 29-percent gain, according to SeekingAlpha, was the "best in at least 15 years for a pure-play, traditional asset manager."

Moreover, the investor site notes that "The firm's long-only strategies have consistently outperformed since inception, and assets under management have increased at a 14% CAGR since 2002, which included a 30% increase in 2012."

For more analysis of the IPO, read SeekingAlpha

Edited by: Tommy Fernandez

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