| Wed 25 Jan 2006, 9:01 | | Old Mutual Plc - Old Mutual Asset Management (US) |
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OML
OLOML
Old Mutual Plc - Old Mutual Asset Management (US) Reports Affiliates" Assets
Under Management for Year-End 2005
Old Mutual Plc
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual Asset Management (US) Reports Affiliates" Assets Under Management for
Year-End 2005
Group Reaches New High of $226.3 Billion in Total Assets Under Management
BOSTON--January 24, 2006--Old Mutual Asset Management, the U.S. asset management
group of Old Mutual plc (LSE: OML), today announced that assets managed by the
group"s member firms increased 23% overall during 2005 to $226.3 billion, a new
high for the group, from $184.6 billion at year-end 2004. Net inflows of client
assets, including $11.2 billion in cash collateral assets, contributed a total
of $26.3 billion over the course of 2005, a new yearly high for the group.
Investment return in the funds under management at member firms contributed
$15.3 billion, or 8.3% of the increase for the year.
"Through their strong performance on behalf of clients in 2005, our firms
reached several key hallmarks over the course of the year: a new high in overall
assets under management, record levels of net inflows of client assets, and our
fifth consecutive year of net inflows since Old Mutual"s entrance into the U.S.
market in 2000," said Scott Powers, chief executive of Old Mutual Asset
Management. "Our firms continue to succeed by focusing on the needs of clients,
and that will remain the highest priority of the group as we move forward."
About Old Mutual Asset Management (US)
Old Mutual Asset Management is the holding company for over 20 distinct,
boutique firms, including asset managers that specialize in high-quality, active
investment strategies for institutional and individual investors. The group"s
parent is Old Mutual plc, an international financial services company based in
London, with operations in asset management, life assurance, banking and general
insurance. More information on Old Mutual Asset Management (US), its member
firms and their investment teams and strategies, is available from the group"s
website at www.oldmutualus.com. Individual investors can access the investment
capabilities of certain Old Mutual affiliates through mutual funds managed by
Old Mutual Capital. Please see Old Mutual Capital"s website at
www.oldmutualcapital.com for more complete information or to obtain a current
prospectus. The prospectus contains important information, including
information about a mutual fund"s investment objectives, risks, charges and
expenses and should be read carefully and considered before investing or sending
money.
Contact:
Media: Tucker Hewes, (212) 207-9451, tucker@hewescomm.com
Investors UK: Malcolm Bell, 44 (0)20 7002 7166, malcolm.bell@omg.co.uk
Investors SA: Deward Serfontein, 27 21 509 8709, deward.serfontein@omg.co.uk
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Date: 25/01/2006 09:01:04 AM Produced by the JSE SENS Department
