MutualFundWire.com: Principal's Asset Management Revenues Dip
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, August 4, 2009

Principal's Asset Management Revenues Dip


On Monday Principal Financial reported its second quarter 2009 earnings for its global asset management division. Operating revenues had dipped from $143.7 million from Q2 of 2008 to $103.3 million this quarter.

Segment operating earnings were $8.2 million, down from $24.1 million from the year ago period. Third party AUM were $67.3 billion as of June 30,2009 compared to $88.7 billion a year earlier.


Printed from: MFWire.com/story.asp?s=22240

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved
Back to Top