MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 28, 2004 Profits Are Up at Marsh Despite the number of lawsuits recently filed against the company in connection to the mutual fund scandal involving Putnam Investments, Marsh McLennan Co. saw a 21 percent jump in profits, Reuters reports. The company attributed this increase to higher insurance rates and improvement at Putnam. Marsh continued that all units posted significant revenue gains last quarter although it incurred $24 million in costs related to Putnam funds and other expenses related to improper trading. Overall, shares rose more than 2 percent. Printed from: MFWire.com/story.asp?s=6566 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |