How are the first quarter 2009 earnings reports from fund firms looking so far? In Wednesday's Fund Track column in the Wall Street Journal, Sam Mamudi takes a "the glass is half full" perspective on several asset managers whose net income drop slowed in Q1.

Mamudi highlights earnings from a number of asset managers, including: AllianceBernstein, BlackRock, Federated Investors, Franklin Resources (i.e. Franklin Templeton), Invesco, Janus, T. Rowe Price and Waddell & Reed (see The MFWire, 4/21/2009, 4/22/2009, 4/23/2009, 4/23/2009, 4/24/2009, 4/24/2009, 4/28/2009 and 4/28/2009).

In the same column, Mamudi also mentions Standard & Poor's downgrade of FMR, Fidelity's parent, as previously reported by The MFWire (see 4/28/2009). 

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