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 |
|
Thursday, August 6, 2009 Pru's Asset Management Income Falls Prudential Financial's asset management division posted adjusted operating income of $33 million, down 82 percent from $190 million a year ago. Company executives attributed the drop mainly to "unfavorable results from proprietary investing and commercial mortgage activities" and "lower performance-based fees primarily related to institutional real estate funds." Printed from: MFWire.com/story.asp?s=22262 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |