AGF Management posts loss on lower managed assets

Sept 25 Wed Sep 26, 2012 8:16am EDT

Sept 25 (Reuters) - Canadian fund manager AGF Management Ltd reported a third-quarter loss on lower managed assets.

The company lost C$13.3 million, or 14 Canadian cents per share, for the June-August quarter, compared with a profit of C$15.4 million, or 16 Canadian cents per share, a year earlier.

Total assets under management decreased 14.8 percent to $41.2 billion as of Aug. 31.

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