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 |
|
Thursday, August 2, 2012 Prudential Sees Increase in AUM Prudential Financial released their Q2 earnings Tuesday, showing an 11 percent increase in AUM compared to a year ago. The Newark, New Jersey-based firm's asset management unit currently has $650.2 billion AUM. One specific charge noted in the report is a $75 million charge to the asset management unit for "an impairment related to our investment in a real estate fund." Prudential's financial services business as a whole saw its share income fall slightly, with the after-tax adjusted income at $1.34 per common share, compared with $1.57 in Q2 2011. The second-quarter earnings were made public in a news release. Printed from: MFWire.com/story.asp?s=40825 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |