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, February 1, 2012 AMG Beats Estimates, Yet Its Mutual Fund AUM Slips Affiliated Managers Group's mutual fund assets fell slightly in 2011. In its fourth quarter earnings report released yesterday, the Boston-based acquirer of asset managers revealed that its mutual fund AUM dipped $21 million last year, to $85.222 billion on December 31, 2011, even as its total AUM climbed by $7.416 billion [earnings call transcript]. The Boston Business Journal, Localized USA, MarketWatch and Reuters all covered AMG's earnings. AMG's quarterly earnings per economic share fell 12.87 percent to $1.76 for Q4 2011. Yet AMG analysts' estimates by $0.03 per share. AMG's boutique asset managers, dubbed "affiliates", include: Greenwich, Connecticut-based AQR; New York City-based BlueMountain; Chicago-based Chicago Equity Partners; Boston-based Essex; Pasadena, California-based First Quadrant;Greenville, Delaware-based Friess; Boston-based Frontier; Boston-based Gannett Welsh & Kotler; Somerville, New Jersey-based Harding Loevner; New York City-based J.M. Hartwell; Norwalk, Connecticut-based Managers Investment Group; Covington, Kentucky-based Renaissance; Teaneck, New Jersey-based Systemic; New York City-based Third Avenue; New York City-based TimesSquare Capital Management; New York City-based Trilogy; New York City-based Tweedy, Browne; San Francisco-based ValueAct; Boston-based Welch & Forbes; and firms in Edinburgh, London, Montreal, Toronto and Vancouver. Printed from: MFWire.com/story.asp?s=39006 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |