MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 29, 2010 Artio's AUM and Income Dip The second quarter of 2010 was a tough one in the markets, and Artio Global Investors earnings show it. This morning the New York-based mutual fund revealed adjusted earnings per diluted share of $0.41 (which is what analysts predicted, according to Yahoo! Finance), down from $0.46 in Q1 2010 but up from $0.36 in Q2 2009. Artio's assets under management dipped 13 percent in Q2 2010 to $48.995 billion on June 30, thanks to $1.815 billion in net outflows and $5.607 billion in market pain. Year-over-year, its AUM is up five percent. "Despite overall net outflows, the strength of our long-term performance records enabled us to continue to win meaningful new business across multiple asset classes," said Richard Pell, Artio's chairman, chief investment officer and CEO, in a news release. Printed from: MFWire.com/story.asp?s=32967 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |