MLIM's net revenue grows 38%

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GLOBAL - Merrill Lynch Investment Managers (MLIM) has generated net revenues of $570m in 2006 Q1, up 38% from the 2005 first quarter.

The investment manager claimed the year-over-year increase in net revenues was driven by “higher asset values and robust net inflows.” Pre-tax earnings, excluding a one-time compensation charge, we...

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