MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 15, 2008 SSgA's Q3 Investment Management Fees are Down 13 Percent State Street Global Advisors pulled in investment management fees of $261 million in the third quarter, down 13 percent from $299 million a year ago. The decline reflects the impact of lower average month-end equity valuations and lower performance fees. At the end of September, SSgA had AUM of $1.686 trillion, or 16 percent lower than its AUM at the close of September last year. SSgA's parent, State Street Corp., posted higher earnings for the quarter. Net income jumped to $477 million ,or 1.09 per share, compared to $358 million, or 91 cents per share last year. Printed from: MFWire.com/story.asp?s=19644 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |