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, July 29, 2009 Calamos Still Swims Even As its Revenues Take a Dive Calamos Asset Management witnessed second quarter profits dip six percent to $1.79 million from the $1.89 million mark set a year-ago, despite a major slump in revenue. The Naperville,Illinois-domiciled company generated $67 million in revenues during the quarter, down 40 percent from $112 million in the year-ago period. The company also said its mutual funds division handled $20 billion in AUM, down from the $30.6 billion recorded during second quarter of 2008. Calamos also reported $27 billion in total AUM as of end-June. Average total AUM was $25.9 billion during Q2 of 2009, down from $42.9 billion from a year-ago. Printed from: MFWire.com/story.asp?s=22183 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |