Business Services Industry
Epoch Assets under Management Increase to $6.6 Billion
Business Wire, July 8, 2008
NEW YORK -- Epoch Investment Partners, Inc. ("Epoch" or the "Company"), a leading investment manager and investment adviser and the operating subsidiary of Epoch Holding Corporation (Nasdaq: EPHC), today announced that its assets under management ("AUM") were $6.6 billion as of June 30, 2008, an increase of approximately 7 percent from $6.2 billion as of March 31, 2008.
"We continue to be heartened by the growth and inflow of assets despite the volatility and decline of the equity markets during this past quarter," said William W. Priest, Chief Executive Officer of the Company. "Our investment strategy remains straightforward: buy companies that generate consistent free cash flow and have little or no debt or are paying down debt, and sell at reasonable prices. Particularly in a turbulent market environment such as the one we have experienced over the past twelve months, this strategy should continue to produce superior returns at a lower risk over the time frames relevant to our clients."
About Epoch Holding Corporation
Epoch Holding Corporation conducts its operations through Epoch Investment Partners, Inc., a wholly-owned subsidiary and a registered investment adviser under the Investment Advisers Act of 1940. Investment management and investment advisory services are the Company's sole line-of-business. Headquartered in New York, with an office in Sherman Oaks, CA, the Company's current product offerings include U.S. Value; U.S. Small Cap Value; U.S. SMID Cap Value; U.S. All Cap Value; Global Small Cap; Global Absolute Return; Global Equity Shareholder Yield; Global All Cap; and International Small Cap.
For more information about Epoch contact Phil Clark at Epoch Investment Partners, 212-303-7210, pclark@eipny.com or visit Epoch's website at www.eipny.com.
Safe Harbor Statement:
This press release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward-looking statements, including its earnings outlook.
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