MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 10, 2009 Lincoln's Investment Management Arm Swings to a Q4 Loss Lincoln Financial, which owns Delaware Investments, said Monday that its investment management unit swung to a fourth quarter loss against the backdrop of the market slump. The investment management segment posted a loss from operations of $4 million in the final three months of 2008, compared with earnings of $27 million in the year-ago period. Deposits for the quarter totaled $3.8 billion, down from $5.8 billion a year ago and $4 billion at the end of the third quarter. Assets under management declined sequentially by $12.1 billion during the fourth quarter. Printed from: MFWire.com/story.asp?s=20709 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |