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 |
|
Tuesday, April 21, 2009 SSgA Posts a 35 Percent Drop in Q1 Management Fee Revenue State Street Global Advisors generated $181 million in investment management fees during the first quarter, down 35 percent from $278 million in the year-ago period. The drop reflects the more than 40 percent decline in average month-end equity valuations and lower performance fees, company executives said Monday. Boston-based SSgA ended March with AUM of $1.39 trillion, down 29 percent from $1.95 trillion at the end of March last year. Printed from: MFWire.com/story.asp?s=21345 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |