Monday, 29 October 2012

Boston's largest fund managers report billions in outflows - Boston Business Journal:

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saw the largest year-over-year decline in dollar value, having reported $487.9 billion in assets within its heavilgy marketed stock and bond funds at the end of That was down 43 percent fromthe $849.8 billion undefr management a year earlier, according to data tracked by in ’s Columbia Asset Management division also reported a 43 percenr year-over-year decline in its assets undert management, which totaled $71.6 billion at the end of The company’s stock and bond funds shed almost $53.5 billion in assetsz during the preceding 12 months. GMO LLC of Boston reported the largest percentage decrease in assets durin g the 12 monthsended Feb. 28. The firm had $38.
billion under management in its stock andbond funds, off 45 percenft from the $69.6 billion reported a year Natixis Global Associates, off 18 percent experienced the smallest decline in asseta among the area’s active fund managers. It finished Februaryu with $37.7 billion under management in its stocl andbond funds. State Street Global Advisors, the moneg management arm of (NYSE: STT), reported a 6 percentr year-over-year decline in assets within its suite of exchangetraded funds. It had $137.
7 billion under its belt at the end of the Other Boston-area fund managers to qualify for FRC’xs analysis of the 25 largest fund companie s in the United States included (down 39 percent, $44.5 billiomn under management) and (NYSE: EV), which was down 21 percen to $36.8 billion. , once the nation’s fifth largest mutua l fund manager anda long-time fixture among the larges t 25 fund managers in the country, did not make the cut in FRC’sx February fund flows report.

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