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Rating:Westwood's Fund Assets Jump 43 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 20, 2011

Westwood's Fund Assets Jump 43 Percent

Reported by Neil Anderson, Managing Editor

Westwood Holdings Group's [see profile] mutual fund assets have jumped by 43 percent. Yesterday the Dallas-based parent of the WHG Funds revealed that it worked with $1.1 billion in mutual fund assets on September 30, 2011, up from $760 million at the end of Q3 2010 but down from $1.3 billion at the end of Q2 2011.

Brian Casey, president and CEO of Westwood, noted that, in spite of recent market woes (the S&P 500 fell more than 14 percent in Q3), Westwood netted positive inflows for a third consecutive quarter.

Westwood boasted overall assets of $11.7 billion, up from $10.6 billion on September 30, 2010 and down from $13.8 billion on June 30, 2011. The firm's earnings per diluted share dipped from $0.52 in Q2 2011 to $0.46 in Q3 2011. 

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