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Rating:WSJ Sees the Bright Side of Fund Firms' Earnings Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 29, 2009

WSJ Sees the Bright Side of Fund Firms' Earnings

by: Neil Anderson, Managing Editor

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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