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Pre-close trading update for the financial year ending 31 March 2010

24 March 2010

Key points – operating

  • Funds under Management (FUM) at 31 March 2010 currently estimated at $39.1 billion (31 December 2009: $42.4 billion; 31 March 2009: $46.8 billion)
  • Fourth quarter sales remain subdued at an estimated $1.0 billion; redemption levels stable ($2.5 billion in Q4)
  • Mandate wins for the multi-manager business of around $1.5 billion during the fourth quarter – to be included in FUM over the coming quarters
  • Trading conditions for the managed futures style have improved, giving positive AHL performance for the calendar year to date

Key points - financial

  • Profit before tax and adjusting items for the year ending 31 March 2010 estimated at $530 million
  • Diluted earnings per share of an estimated 23 cents
  • Financial position remains strong, with a regulatory capital surplus of $1.5 billion and net cash of $1.4 billion


  • Board intends to recommend a final dividend of 24.8 cents per share, giving an unchanged total dividend for the year of 44 cents per share

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