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

First Quarter of 2012 Comparison with Fourth Quarter of 2011

Assets Under Management

Assets under management were $26.6 billion as of March 31, 2012, a decrease of $3.7 billion, or 12%, from $30.4 billion as of December 31, 2011, due to net client cash outflows, partly offset by market appreciation.

Revenues and Other Operating Income

Revenues and other operating income for the first quarter of 2012 totaled $43.9 million, down 15% from $51.9 million for the fourth quarter of 2011, driven primarily by lower investment management fees. Investment management fees were $42.8 million for the first quarter of 2012, down 17% from $51.6 million for the fourth quarter of 2011, due primarily to a decrease in average assets under management.

Expenses

Employee Compensation and Benefits

For the first quarter of 2012, adjusted employee compensation and benefits expenses were $19.9 million, a decrease of 3% from $20.6 million for the fourth quarter of 2011. The decrease was due primarily to lower incentive compensation accruals, partly offset by an increase in the amortization of deferred incentive compensation awards.

GAAP employee compensation and benefits expenses for the first quarter of 2012 were $22.3 million, a decrease of 3% from $23.0 million for the fourth quarter of 2011, due primarily to the reasons noted above.

Shareholder Servicing and Marketing Expenses

Shareholder servicing and marketing expenses for the first quarter of 2012 were $3.6 million, a decrease of 7% from $3.9 million for the fourth quarter of 2011, due primarily to lower platform costs, reflecting a decrease in average assets under management in proprietary funds.

General and Administrative Expenses

Adjusted general and administrative expenses were $9.6 million for the first quarter of 2012, an increase of 2% from $9.5 million for the fourth quarter of 2011.

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