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.
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