This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Artio Global Investors Reports First Quarter 2012 Results; Announces Dividend Of $0.02 Per Share

Stocks in this article: ART

“Looking ahead, we are committed to managing through expected near-term headwinds by focusing on further improving performance in our International Equity strategies, controlling costs in line with revenues and maintaining a conservative balance sheet. In keeping with the latter, we have reduced our quarterly dividend and recently repaid our remaining term debt. We believe these actions, coupled with the cash generating capacity of our business, will further strengthen our financial position.”

“Artio’s success continues to rest on our ability to deliver superior investment returns for our clients. We are therefore pleased by the outperformance that we have generated year-to-date in the midst of a ‘risk-on/risk-off’ environment, particularly by our International Equity strategies, which has resulted in a significant improvement to our short-term Lipper rankings.”

First Quarter of 2012 Comparison with First Quarter of 2011

Assets Under Management and Net Client Cash Flows

Assets under management were $26.6 billion as of March 31, 2012, down $24.7 billion, or 48%, from $51.3 billion as of March 31, 2011, due to net client cash outflows and market depreciation.

Net client cash outflows for the first quarter of 2012 were $6.0 billion, driven primarily by net client cash outflows from our International Equity I and II strategies, partly offset by net client cash inflows to our High Yield and High Grade Fixed Income strategies. 9

Revenues and Other Operating Income

Revenues and other operating income for the first quarter of 2012 totaled $43.9 million, down 47% from $82.2 million for the first quarter of 2011. The decrease was driven primarily by lower investment management fees of $42.8 million for the first quarter of 2012, down 48% from $81.8 million for the first quarter of 2011, due primarily to lower average assets under management.


Employee Compensation and Benefits

For the first quarter of 2012, adjusted employee compensation and benefits expenses were $19.9 million, down 22% from $25.4 million for the first quarter of 2011. The decrease was due primarily to lower incentive compensation accruals and lower headcount, partly offset by an increase in the amortization of deferred incentive compensation awards.

3 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs