AGF Management posts loss on lower managed assets

Wed Sep 26, 2012 8:18am EDT
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(Reuters) - Canadian fund manager AGF Management Ltd (AGFb.TO: Quote) 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 August 31.

(Reporting by Shounak Dasgupta in Bangalore; Editing by Sriraj Kalluvila)