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Rating:Lincoln's Investment Management Arm Swings to a Q4 Loss Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, February 10, 2009

Lincoln's Investment Management Arm Swings to a Q4 Loss

by: Armie Margaret Lee

Lincoln Financial, which owns Delaware Investments, said Monday that its investment management unit swung to a fourth quarter loss against the backdrop of the market slump. The investment management segment posted a loss from operations of $4 million in the final three months of 2008, compared with earnings of $27 million in the year-ago period.

Deposits for the quarter totaled $3.8 billion, down from $5.8 billion a year ago and $4 billion at the end of the third quarter. Assets under management declined sequentially by $12.1 billion during the fourth quarter. 

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