Specialist firms buck down-trend
Company also sees average AUM rise 17% in the third quarter of fiscal 2006
Achieve record earnings of $105 million in fiscal 2005
Insurance company reaches record levels in seg fund net sales
The hedge fund firm Man Group plc announced that it expects pre-tax profits for the year ending March 31 will be ahead of consensus market expectations.The consensus market expectations of net management fee income and total pre-tax profits is US$678 million and US$1.2 billion, respectively. This is based on the average forecasts of 16 equity […]
Increased expenses due to higher investment management fees
Diversified management and holding company Power Financial Corp. saw its operating earnings for the year ended Dec. 31, 2005 increase to $1.694 million, or $2.33 per share, from $1,538 million, or $2.11 per share in 2004 — an increase of 10.1% on a per-share basis.Growth in operating earnings reflects a substantial increase in the contribution […]
Net earnings increased by almost 25% in 2005
First quarter highlights include positive fund flows, increases in AUM and growing trust company assets
$4.3 billion operating profit sets new record