Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Old Mutual Asset Management (US) Reports Increase in Affiliates' Assets Under Management for Q3 2009

Posted : Thu, 05 Nov 2009 15:33:49 GMT
Author : Old Mutual Asset Management (US)
Category : Press Release
News Alerts by Email ( click here )
News | Home
BOSTON, Nov. 5 MA-OldMutualAssetMgmt

BOSTON, Nov. 5 /PRNewswire/ -- Old Mutual Asset Management, the U.S. asset management group of Old Mutual plc (LSE: OML), announced assets under management (AUM) by the group's investment affiliates of $260 billion, as of September 30, 2009. The quarter-end total represented an 8% increase in AUM from the end of 2008 and an increase of 5.3% from the prior quarter, as general market conditions continued to show improvement.

More than half of the current investment affiliates posted positive inflows, but net external driven cash flows from continuing operations were a negative $622 million, representing 0.3% of assets under management at the beginning of the quarter.

According to Tom Turpin, President and CEO, "Old Mutual Asset Management is pleased to have enjoyed asset growth during this period of market recovery. We expect the economic and financial environment to remain challenging as we approach the end of the year, but are confident that our investment affiliates will continue to deliver high-quality investment solutions to clients."

About Old Mutual Asset Management
Old Mutual Asset Management, the name under which Old Mutual US Holdings Inc. conducts its US asset management business, is the holding company for 18 distinct, boutique firms, including asset managers that specialize in high-quality, active investment strategies for institutional and individual investors. The group's parent is Old Mutual plc, an international financial services company based in London, with operations in asset management, life assurance, banking and general insurance. More information on Old Mutual Asset Management, its member firms and their investment teams and strategies, is available from the group's website at www.oldmutualus.com.

SOURCE Old Mutual Asset Management (US)


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : Old Mutual Asset Management (US) Reports Increase in Affiliates' Assets Under Management for Q3 2009
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Cvent Supplier Network Spans the Globe Profiling 100,000 Meeting Hotel and Event Venues
Expanded Worldwide Site Selection and eRFP Service to be Showcased at the 2009 EIBTM Exhibition/I/P PMcLean, VA (Vocus) November 23, 2009 -- Cvent, the leading provider of meeting management and site selection software for over 20,000 meeting planners and travel procurement professional...

enXco Announces Commercial Operation of 106 MW Hoosier Wind Project
ESCONDIDO, Calif. - enXco, an EDF Energies Nouvelles Company (PARIS: EEN), announces Commercial Operation of the 106 megawatt Hoosier Wind Project which will deliver carbon-free electricity into the Indianapolis Power & Light Company (IPL) generation portfolio. This project brings enXco&

Reportlinker Adds Asia Pacific Markets for Dental Implants and Final Abutments
NEW YORK, Nov. 23 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. Asia Pacific Markets for Dental Impla...

Reportlinker Adds Sustainable Packaging
NEW YORK, Nov. 23 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. Sustainable Packaging

ProUroCare Medical Announces Filing of 510(k) For Prostate Imaging System
MINNEAPOLIS - ProUroCare Medical Inc. (OTCBB: PUMD) (OTCBB: PUMDU) (OTCBB: PUMDW), a provider of proprietary medical imaging products, today announced that a 510(k) application for U.S. market clearance of a prostate mechanical imaging system has been filed with the Food & Drug Administr

Research and Markets: The Future of Virtualization: Emerging Trends and the Evolving Vendor Landscape
DUBLIN - Research and Markets (

PPJ Enterprise Announces Disclosure of Current Financial Information With OTCIQ
RENO, NV -- 11/23/09 -- PPJ Enterprise (PPJ, the Company) (PINKSHEETS: PPJE), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital..

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.