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

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

Rating:Saibus Praises Manning and Napier Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, May 24, 2012

Saibus Praises Manning and Napier

News summary by MFWire's editors

The team at Saibus Research is pleased with Manning & Napier's [profile] performance during the first quarter, and has a positive outlook for the asset manager post-IPO.

In the Seeking Alpha article by the research group, it said:

"The company was able to generate an 8.93% growth in Q1 2012 revenue versus Q1 2011 revenue, which exceeded many of its competitors. Despite the fact that recurring operating expenses increased faster than revenue, the company still recorded 6.7% growth in recurring income from operations."

As a result of sales commissions increase, the company also hired more people. From 414 employees in 2011, they now have 489 employees.

Five of seven direct client representatives were hired in the first quarter, which was ahead of what the company has planned when they went public in November.

The report further highlights:

"MN's organic AUM fund flow growth consisted of $400 million of net new flow into its mutual funds and collective investment trusts, offset by approximately $100 million of net cash outflow from its separate accounts. The $100 million of net cash outflow from its separate accounts included $800 million of gross inflows, offset by $900 million of gross outflows. MN continues to have a low cancellation rate on an annualized basis of only 4.4%, or stated differently, MN continues to see a very high client retention rate of 96%." 

Edited by: HFD


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

5.0
 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