Money manager performance
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Eaton Vance's assets under management rise 4% in quarter
trueEaton Vance Corp. on Tuesday reported its assets under management totaled $280.7 billion as of Oct. 31, an increase of 4% from July 31 and a 41% rise from Oct. 31, 2012.
ING U.S.'s AUM rises 2.3% in quarter to $267 billion
trueING U.S. reported total assets under management of $267 billion as of Sept. 30, a 2.3% increase from the end of the second quarter and a 10.5% increase from a year earlier.
PIMCO loses world's largest fund title to Vanguard index tracker
trueBill Gross no longer runs the world's largest mutual fund.
Invesco AUM up 6% from last quarter to $745.5 billion
trueInvesco on Thursday reported assets under management of $745.5 billion as of Sept. 30, up 5.7% from the end of the previous quarter and up 12.4% from a year earlier.
Markets give managers nice boost in quarter
truePublicly traded money managers saw modest gains in assets under management for the quarter ended Sept. 30, helped generally by rising equity markets.
Franklin Resources' AUM up 3.6% in quarter to $844.7 billion
trueFranklin Resources on Thursday reported assets under management of $844.7 billion as of Sept. 30, up 3.6% from the end of the previous quarter and up 12.6% from a year earlier.
KKR's AUM jumps 8% in year
trueKKR & Co.'s assets under management rose to $90.2 billion as of Sept. 30, an 8% increase from $83.5 billion at the end of the second quarter, the firm reported Thursday.
AllianceBernstein's AUM grows 2.4% in Q3
trueAllianceBernstein's total assets under management reached $445.2 billion at Sept. 30, up 2.4% from the end of the last quarter and up 6.3% from a year ago.
SSgA's AUM rises 4.4% to $2.24 trillion in Q3
trueState Street Global Advisors reported $2.24 trillion in assets under management as of Sept. 30, up 4.4% from June 30 and up 8.5% from a year earlier.
Pension funds paying more for external managers, despite lower fees
truePension plans and other institutional investors are spending more on external investment management fees, even as costs on traditional investment strategies have fallen in the last five years and alternative fees are steady, according to a report from Callan Associates.
Preqin: Expensive hedge fund managers perform better
trueHedge fund managers who charge performance fees greater than 20% produce better net returns over longer periods than those who charge 20% or less, according to new data from research house Preqin.
Putnam sees growth, but profits proving more elusive
truePutnam Investments LLC hasn't been contributing many profits to parent Power Financial Corp. since the money manager was acquired by the Canadian firm in 2007.
Calamos reports 9% AUM drop in quarter, 25% in year
trueCalamos Asset Management reported assets under management of $26.6 billion as of June 30, a 9% drop from March 31 and a 25% drop from a year earlier, according to the company's earnings release.
Investors pull $7.5 billion from PIMCO Total Return fund in July
trueWilliam H. Gross' Total Return Fund, the world's biggest mutual fund, had its third straight month of withdrawals as investors continued to flee bonds.
Och-Ziff notches 4.6% AUM growth in Q2
trueOch-Ziff Capital Management's assets under management totaled $36.6 billion as of June 30, up 4.6% in the second quarter and 22.4% for the year, according to the alternative investment manager's second-quarter earnings report released Friday.