OM Asset Management (OMAM) Tops Q2 EPS by 1c
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OMAM Reports Financial and Operating Results for the Second Quarter Ended June 30, 2016
August 4, 2016 8:01 AM EDTU.S. GAAP earnings of $36.3 million ($0.30 per share) for the quarter and $67.1 million ($0.56 per share) for the year to date, down (26.5)% and (19.7)%, respectively, compared to 2015 periods Economic net income of $36.2 million ($0.30 per share) for the quarter and $68.2 million ($0.57 per share) for the year to date, down (4.7)% and (9.4)%, respectively, compared to 2015 periods (excluding the non-recurring performance fee) AUM of $218.8 billion at June 30, 2016, an increase of 3.0% from December 31, 2015 Net client cash flows (NCCF) for the quarter of $(2.9) billion yielding an annualized revenue impact of $(3.4) million; year to date... More
