July 31, 2012 / 12:05 PM / 5 years ago

Affiliated Manager profit falls

July 31 (Reuters) - Affiliated Managers Group Inc’s quarterly profit fell as weak public markets eroded the value of its assets and the inflow of new client money declined.

Net income fell to $6.6 million, or 12 cents per share, for the second quarter, from $45.5 million, or 85 cents per share, a year earlier.

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