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Article: Artio Global Investors Inc. Reports Third Quarter 2009 Results.
- Article from:
- Business Wire
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Artio Global Investors Inc. (NYSE: ART) (together with its subsidiaries, "Artio Global" or the "Company") today reported its results for the third quarter ended September 30, 2009.
Third Quarter 2009 Financial Highlights
* Adjusted1 net income2 of $27.9 million, or $0.47 per diluted share; (GAAP loss of $412.4 million or ($9.81) per diluted share)
* Assets under management of $55.8 billion as of September 30, 2009
* Investment management fees of $83.5 million increased 20% over the second quarter of 2009
* Effective investment management fee rate3 of 64.5 basis points
* Adjusted operating margin of 50.2%