Asset management

Artisan Partners: Q2 Earnings Snapshot

August 2, 2022 GMT

MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported second-quarter earnings of $44.3 million.

On a per-share basis, the Milwaukee-based company said it had net income of 62 cents.

Brookfield Asset Management: Q1 Earnings Snapshot

May 12, 2022 GMT

TORONTO (AP) _ Brookfield Asset Management Inc. (BAM) on Thursday reported first-quarter profit of $1.36 billion.

On a per-share basis, the Toronto-based company said it had profit of 81 cents.

Artisan Partners: Q1 Earnings Snapshot

April 26, 2022 GMT

MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported first-quarter earnings of $65.4 million.

On a per-share basis, the Milwaukee-based company said it had net income of 90 cents.

Altisource: Q1 Earnings Snapshot

April 22, 2022 GMT

CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Friday reported a first-quarter loss of $3.7 million, after reporting a profit in the same period a year earlier.

The Christiansted, Virgin Islands-based company said it had a loss of 66 cents per share.

Altisource: Q4 Earnings Snapshot

April 1, 2022 GMT

CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Thursday reported a fourth-quarter loss of $8.4 million, after reporting a profit in the same period a year earlier.

Cyprus’ RCB Bank to close, cites Russia’s Ukraine invasion

By MENELAOS HADJICOSTISMarch 24, 2022 GMT

NICOSIA, Cyprus (AP) — RCB Bank in Cyprus said Thursday an “extremely volatile geopolitical situation” has prompted it to wind down operations and turn itself into an asset management company.

The announcement came exactly a month after the start of Russia’s invasion of Ukraine.

Morgan Stanley profits climb 9% on asset management business

By KEN SWEETJanuary 19, 2022 GMT

NEW YORK (AP) — Investment bank Morgan Stanley said its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business. The investment banking division also boosted results, as deal-making on Wall Street continued at a frenzied pace.

Star stock picker Cathie Wood moves NYC firm to Florida

October 6, 2021 GMT

ST. PETERSBURG, Fla. (AP) — A star stock picker who focuses on innovative companies is leaving New York City and relocating her asset management firm to Florida.

Cathie Wood is a well-known analyst, and founder and CEO of ARK Investment Management LLC.

Women, minorities manage 17% of major foundations’ assets

By ALEX DANIELS of The Chronicle of PhilanthropySeptember 30, 2021 GMT

Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday.

Commissioned by the Knight Foundation, the report found that 30 of the largest grantmakers deployed a total of $11 billion, or 16.6% of their endowment investments, with firms controlled by women or people of color.

Long Island-based Mason Asset Management purchased the struggling Frazer mall last week for about $12 million.