International Business News - Managers http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of asset-management firms fell more sharply than the broader market Wednesday after analysts tallied up the damage from clients pulling out money from stock and bond funds in search of safer investments. http://www.ibtimes.com/articles/20081119/sector-snap-asset-managers-fall-on-redemptions.htm Wed, 19 Nov 2008 13:45:20 EST Shares of numerous asset managers fell sharply Monday on another volatile trading day, as investors worried about additional write-downs to reflect bad investments and declining fee income amid the market turmoil. http://www.ibtimes.com/articles/20081117/sector-wrap-asset-managers-fall-on-profit-worries.htm Mon, 17 Nov 2008 16:29:35 EST Shares of asset management firms fluctuated Friday as the market rebounded after two days of heavy losses but an analyst warned that the fourth quarter will prove challenging for many firms. http://www.ibtimes.com/articles/20081107/sector-snap-asset-managers-fluctuate.htm Fri, 07 Nov 2008 14:11:47 EST Shares of asset managers were unaffected by the announcement that the Federal Reserve, as expected, cut its key interest rate for the second time this month. http://www.ibtimes.com/articles/20081029/interest-rate-cut-has-no-impact-on-asset-managers.htm Wed, 29 Oct 2008 15:10:37 EDT Shares of pharmacy benefits managers mostly sold off after a Federal Reserve interest rate cut. The central bank cut its key interest rate by half a point, to 1 percent. The move makes it less costly for consumers and businesses to borrow money. But shares of PBMs, which manage prescription benefits for health plan sponsors and members, mostly gave up gains made earlier in the session. http://www.ibtimes.com/articles/20081029/pharmacy-benefits-managers-slip-after-fed-rate-cut.htm Wed, 29 Oct 2008 15:09:01 EDT Pharmacy benefits manager stocks dropped with the market at the start of Friday's session. Major indexes, including the Dow Jones industrial average and Nasdaq Stock Market, lost more than 4 percent of their value early in the session. Overseas stocks fell sharply after Sony Corp. cut its profit forecast, and Daimler abandoned its guidance, which refreshed worries of a worldwide recession. http://www.ibtimes.com/articles/20081024/pharmacy-benefit-manager-shares-slide.htm Fri, 24 Oct 2008 10:51:37 EDT Asset-management firm Affiliated Managers Group Inc. said Wednesday its third-quarter profit fell 42 percent as investors pulled money out amid the recent market turmoil, but adjusted results beat Wall Street expectations. http://www.ibtimes.com/articles/20081022/affiliated-managers-3rd-qtr-net-drops-42-percent.htm Wed, 22 Oct 2008 12:09:40 EDT Shares of asset and investment management companies fell in Tuesday trading, after the first major company in the sector, BlackRock Inc., posted disappointing third-quarter results. http://www.ibtimes.com/articles/20081021/sector-snap-blackrock-misses-asset-managers-fall.htm Tue, 21 Oct 2008 15:26:14 EDT Analysts said Friday that asset management companies' troubles won't ease anytime soon as volatile markets spur clients to continue pulling money out of stock mutual funds in search of safer investments. http://www.ibtimes.com/articles/20081017/analysts-see-headwinds-for-asset-managers.htm Fri, 17 Oct 2008 12:46:32 EDT Goldman Sachs & Co. analyst Marc Irizarry on Tuesday reduced his earnings estimates and price targets on a handful of asset managers, citing expectations for a decline in assets under management. http://www.ibtimes.com/articles/20081014/ahead-of-the-bell-asset-manager-estimates-cut.htm Tue, 14 Oct 2008 08:08:31 EDT Shares of Affiliated Mangers Group Inc. fell to a three-year low Thursday after the asset manager was downgraded by one analyst and had its price target slashed by another, and Wall Street tried to assess how recent market weakness would hit the sector. http://www.ibtimes.com/articles/20081009/affiliated-managers-hits-3-year-low-on-downgrade.htm Thu, 09 Oct 2008 16:38:18 EDT Shares of asset managers mostly fell with the broader market Thursday, with extra pressure on the stocks coming as several analysts weighed in with largely negative comments on their performance in the September quarter. http://www.ibtimes.com/articles/20081009/sector-snap-asset-managers-fall-as-estimates-cut.htm Thu, 09 Oct 2008 14:31:45 EDT Shares of brokerage and asset managers finished mixed Friday as the broader market fluctuated after the House gave final approval to the $700 billion financial rescue plan. http://www.ibtimes.com/articles/20081003/asset-managers-close-mixed.htm Fri, 03 Oct 2008 16:55:24 EDT Shares of pharmacy benefits managers declined Friday, as stocks fell after the House of Representatives approved of a $700 billion financial sector bailout. http://www.ibtimes.com/articles/20081003/pharmacy-benefits-managers-fall-on-bailout-passage.htm Fri, 03 Oct 2008 14:01:12 EDT Shares of Express Scripts were strong in the third quarter, which draws to a close Tuesday, while rivals CVS Caremark Corp. and Medco Health Solutions Inc. declined. http://www.ibtimes.com/articles/20080930/express-scripts-had-strongest-3q-among-pbm-stocks.htm Tue, 30 Sep 2008 14:49:56 EDT Shares of pharmacy benefits managers were relatively steady Monday after the U.S. House of Representatives voted against a financial sector bailout, sending most stocks sharply down. http://www.ibtimes.com/articles/20080929/pharmacy-benefits-managers-dip-on-bailout-failure.htm Mon, 29 Sep 2008 14:45:21 EDT Shares of asset managers fell Monday as investor jitters about the government plan to buy $700 billion in toxic debt weighed on the broader market, and several analysts issued comments factoring in recent market volatility into earnings estimates. http://www.ibtimes.com/articles/20080922/sector-wrap-asset-managers-fall-with-market.htm Mon, 22 Sep 2008 16:26:41 EDT Among the sector activity stories for Friday, Sept. 19, from AP Financial News: NEW YORK (AP)--Shares of asset managers rose Friday and an industry analyst upgraded several on news that the federal government was stepping in to provide guarantees for money market mutual funds. http://www.ibtimes.com/articles/20080919/sector-roundup-asset-managers-insurance-cos.htm Fri, 19 Sep 2008 18:35:13 EDT Shares of asset managers rose Friday and an industry analyst upgraded several on news that the federal government was stepping in to provide guarantees for money market mutual funds. http://www.ibtimes.com/articles/20080919/sector-snap-asset-managers-shares-rise.htm Fri, 19 Sep 2008 15:39:19 EDT Shares of asset managers soared in morning trading Friday as the broader market rallied for a second day after the U.S. government announced several steps it will take to intervene in the financial crisis that has gripped Wall Street. http://www.ibtimes.com/articles/20080919/asset-managers-soar-on-government-intervention.htm Fri, 19 Sep 2008 10:45:11 EDT