Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AMG's Mutual Funds Drive Increase in AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 27, 2005

AMG's Mutual Funds Drive Increase in AUM

Reported by Theresa Sim

Affiliated Managers Group's quarter-over-quarter assets under management were up just under two percent, from $129.8 billion at the end of December to $132.1 billion at the end of March.

The Boston-based firm of firms met analysts' expectations of diluted earnings per share of $1.12, or net income of $25.6 million.

Mutual fund assets under management skyrocketed 15 percent, from $29.9 billion to $34.3 billion at the end of March. Assets under management in AMG's other channels -- institutional and high net worth -- grew by 0.3 percent and decreased by 12 percent, respectively.

"Our results reflect the continued excellent investment performance and positive net client cash flows of our largest Affiliates, including Tweedy, Browne, Freiss Associates, Third Avenue and First Quadrant, as well as our expanded participation in high-growth, higher-margin areas such as international equities and alternative investments through outstanding firms such as Genesis and AQR," stated Sean Healey, president and chief executive officer of AMG.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use