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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (26427)4/1/2007 3:16:54 PM
From: Bridge Player  Respond to of 78755
 
<< The Q1 outflow (of $325 million) represent about 4.6% of their total assets under management ($7.1 billion). It's small but not a good trend.>>

It's a little worse than that.......

"W.P. Stewart said assets under management were down to about $7 billion at March 23 from $8.1 billion at the end of December. It saw a further outflow of at least $325 million in the current quarter as a large sub-advised fund had notified the firm it was leaving." [Reuters].